Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes Purchases 2,000 Shares

Trinity Capital Inc. (NASDAQ:TRIN) Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $13.59 per share, with a total value of $27,180.00. Following the completion of the purchase, the director now owns 25,836 shares of the company’s stock, valued at approximately $351,111.24. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trinity Capital Trading Up 2.0 %

TRIN opened at $13.37 on Wednesday. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. The company has a market cap of $787.63 million, a price-to-earnings ratio of 7.82 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a 50 day simple moving average of $13.85 and a 200 day simple moving average of $14.31.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, sell-side analysts anticipate that Trinity Capital Inc. will post 2.09 earnings per share for the current year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 15.26%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is currently 119.30%.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

Hedge Funds Weigh In On Trinity Capital

Several institutional investors have recently modified their holdings of TRIN. Van ECK Associates Corp boosted its stake in Trinity Capital by 14.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock worth $17,902,000 after acquiring an additional 162,905 shares during the last quarter. Emerald Advisers LLC raised its holdings in Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after purchasing an additional 82,001 shares during the period. Millennium Management LLC boosted its position in shares of Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after purchasing an additional 212,353 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Trinity Capital by 37.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after buying an additional 55,131 shares during the period. Finally, Kennedy Capital Management LLC bought a new stake in shares of Trinity Capital in the 1st quarter valued at $2,022,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

About Trinity Capital

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.