Ronald Estes Buys 2,000 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Ronald Estes bought 2,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $13.59 per share, with a total value of $27,180.00. Following the transaction, the director now directly owns 25,836 shares of the company's stock, valued at approximately $351,111.24. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Trinity Capital Trading Up 2.2 %

TRIN opened at $13.67 on Thursday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock's fifty day moving average is $13.83 and its two-hundred day moving average is $14.30. The company has a market capitalization of $805.25 million, a P/E ratio of 7.99 and a beta of 0.55. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $15.44.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly 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). The company had revenue of $54.64 million during the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same period in the previous year, the firm posted $0.58 earnings per share. Analysts forecast that Trinity Capital Inc. will post 2.09 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.92%. Trinity Capital's dividend payout ratio (DPR) is 119.30%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in Trinity Capital during the 2nd quarter worth $35,000. Blue Trust Inc. grew its stake in Trinity Capital by 522.1% during the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company's stock worth $109,000 after buying an additional 6,474 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Trinity Capital during the 1st quarter valued at about $150,000. MQS Management LLC purchased a new stake in Trinity Capital during the 2nd quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company's stock valued at $152,000 after purchasing an additional 918 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

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.