Steve Louis Brown Acquires 19,350 Shares of Trinity Capital Inc. (NASDAQ:TRIN) Stock

Trinity Capital Inc. (NASDAQ:TRIN) Chairman Steve Louis Brown acquired 19,350 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $13.12 per share, with a total value of $253,872.00. Following the completion of the acquisition, the chairman now directly owns 722,182 shares of the company’s stock, valued at $9,475,027.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trinity Capital Stock Down 0.3 %

Shares of NASDAQ:TRIN opened at $13.63 on Friday. Trinity Capital Inc. has a 1 year low of $13.05 and a 1 year high of $15.44. 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 business’s 50-day moving average is $13.82 and its 200-day moving average is $14.30. The company has a market capitalization of $802.89 million, a price-to-earnings ratio of 7.97 and a beta of 0.55.

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

Trinity Capital Dividend Announcement

The business 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. This represents a $2.04 annualized dividend and a yield of 14.97%. The ex-dividend date was Monday, September 30th. Trinity Capital’s dividend payout ratio is presently 119.30%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their target price 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.

Institutional Investors Weigh In On Trinity Capital

Large investors have recently bought and sold shares of the stock. Quest Partners LLC acquired a new position in shares of Trinity Capital during the third quarter valued at about $442,000. Oppenheimer & Co. Inc. bought a new stake in Trinity Capital in the 3rd quarter valued at about $169,000. MQS Management LLC raised its stake in Trinity Capital by 159.5% during the 3rd quarter. MQS Management LLC now owns 27,957 shares of the company’s stock worth $379,000 after buying an additional 17,184 shares during the period. GSA Capital Partners LLP bought a new position in Trinity Capital in the third quarter worth approximately $395,000. Finally, Catalyst Capital Advisors LLC grew its stake in Trinity Capital by 111.4% in the third quarter. Catalyst Capital Advisors LLC now owns 38,337 shares of the company’s stock valued at $520,000 after acquiring an additional 20,200 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Company Profile

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.