Trinity Capital (NASDAQ:TRIN) Chairman Purchases $399,857.75 in Stock

Trinity Capital Inc. (NASDAQ:TRIN) Chairman Steve Louis Brown bought 27,109 shares of the stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $14.75 per share, for a total transaction of $399,857.75. Following the acquisition, the chairman directly owned 940,745 shares in the company, valued at approximately $13,875,988.75. This trade represents a 2.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steve Louis Brown also recently made the following trade(s):

• On Monday, March 9th, Steve Louis Brown bought 518 shares of Trinity Capital stock. The shares were bought at an average price of $14.82 per share, for a total transaction of $7,676.76.
• On Monday, March 9th, Steve Louis Brown purchased 1,585 shares of Trinity Capital stock. The stock was bought at an average cost of $14.82 per share, with a total value of $23,489.70.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN opened at $14.56 on Thursday. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $17.20. The stock has a market cap of $1.21 billion, a PE ratio of 7.43 and a beta of 0.55. The stock has a fifty day moving average of $15.64 and a 200-day moving average of $15.35.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) 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 business had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $79.83 million. On average, sell-side analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend is Thursday, June 11th. Trinity Capital’s dividend payout ratio is presently 104.08%.

Analysts Set New Price Targets

TRIN has been the subject of several recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Capital One Financial set a $17.00 price target on shares of Trinity Capital in a report on Thursday, December 11th. Loop Capital set a $17.00 price target on shares of Trinity Capital in a research report on Thursday, December 11th. Citizens Jmp set a $17.50 price target on shares of Trinity Capital in a report on Monday, December 8th. Finally, Noble Financial initiated coverage on Trinity Capital in a research report on Thursday, December 11th. They issued a “buy” rating on the stock. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and an average target price of $16.29.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in Trinity Capital by 1.1% in the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock valued at $980,000 after purchasing an additional 754 shares in the last quarter. First Commonwealth Financial Corp PA grew its stake in Trinity Capital by 3.4% in the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after buying an additional 799 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in Trinity Capital by 2.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock worth $516,000 after buying an additional 889 shares in the last quarter. Graham Capital Management L.P. increased its holdings in shares of Trinity Capital by 10.7% in the 4th quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock worth $165,000 after buying an additional 1,085 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Trinity Capital by 0.3% in the 4th quarter. Stifel Financial Corp now owns 432,777 shares of the company’s stock worth $6,340,000 after buying an additional 1,489 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Company Profile

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.