Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) CEO Kyle Steven Brown purchased 7,562 shares of the company's stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $13.39 per share, with a total value of $101,255.18. Following the completion of the transaction, the chief executive officer now owns 964,832 shares of the company's stock, valued at $12,919,100.48. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Kyle Steven Brown also recently made the following trade(s):
- On Tuesday, August 13th, Kyle Steven Brown purchased 3,500 shares of Trinity Capital stock. The stock was bought at an average price of $14.15 per share, for a total transaction of $49,525.00.
Trinity Capital Trading Up 2.2 %
Shares of TRIN opened at $13.67 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 52-week low of $13.05 and a 52-week high of $15.44. The firm has a market cap of $805.25 million, a price-to-earnings ratio of 7.99 and a beta of 0.55. The business's fifty day moving average is $13.83 and its 200-day moving average is $14.30.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $53.17 million. During the same quarter in the prior year, the firm earned $0.58 EPS. Equities analysts anticipate that Trinity Capital Inc. will post 2.09 EPS for the current fiscal year.
Trinity Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 14.92%. The ex-dividend date was Monday, September 30th. Trinity Capital's payout ratio is 119.30%.
Institutional Trading of Trinity Capital
A number of hedge funds have recently added to or reduced their stakes in TRIN. Cetera Advisors LLC bought a new position in shares of Trinity Capital in the 1st quarter valued at $543,000. Kennedy Capital Management LLC acquired a new position in Trinity Capital in the 1st quarter worth about $2,022,000. Quantbot Technologies LP raised its position in Trinity Capital by 77.0% in the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company's stock valued at $576,000 after purchasing an additional 17,068 shares during the last quarter. Emerald Advisers LLC boosted its stake in shares of Trinity Capital by 11.3% during the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company's stock valued at $10,923,000 after purchasing an additional 82,001 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Trinity Capital by 37.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company's stock worth $2,734,000 after purchasing an additional 55,131 shares during the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.
Analysts Set New Price Targets
Separately, Wells Fargo & Company reduced their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th.
Check Out Our Latest Research Report on TRIN
Trinity Capital Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Trinity Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trinity Capital wasn't on the list.
While Trinity Capital currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
