Kyle Steven Brown Buys 3,333 Shares of Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) CEO Kyle Steven Brown purchased 3,333 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $14.90 per share, with a total value of $49,661.70. Following the purchase, the chief executive officer owned 376,775 shares of the company’s stock, valued at approximately $5,613,947.50. The trade was a 0.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trinity Capital Stock Up 1.4%

Shares of Trinity Capital stock traded up $0.21 during trading on Wednesday, hitting $15.11. 1,583,344 shares of the stock traded hands, compared to its average volume of 1,439,529. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 7.71 and a beta of 0.55. The firm’s fifty day moving average is $15.72 and its 200-day moving average is $15.44. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $17.20.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The company had revenue of $58.89 million during the quarter, compared to the consensus estimate of $79.83 million. On average, analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. Trinity Capital’s dividend payout ratio is 104.08%.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently made changes to their positions in the company. Mutual Advisors LLC bought a new position in shares of Trinity Capital in the 3rd quarter worth about $1,421,000. AWM Capital LLC grew its holdings in Trinity Capital by 174.2% in the third quarter. AWM Capital LLC now owns 177,090 shares of the company’s stock worth $2,741,000 after purchasing an additional 112,507 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of Trinity Capital during the second quarter valued at approximately $737,000. Allworth Financial LP bought a new position in shares of Trinity Capital during the second quarter valued at approximately $53,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Trinity Capital by 322.3% during the second quarter. Quantbot Technologies LP now owns 155,851 shares of the company’s stock valued at $2,193,000 after purchasing an additional 118,942 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRIN. Loop Capital set a $17.00 target price on shares of Trinity Capital in a research report on Thursday, December 11th. Clear Str upgraded Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Citizens Jmp set a $17.50 target price on Trinity Capital in a research note on Monday, December 8th. Citigroup restated an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. Finally, Noble Financial initiated coverage on Trinity Capital in a research note on Thursday, December 11th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Trinity Capital has an average rating of “Moderate Buy” and an average target price of $16.29.

About Trinity Capital

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.