Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) Director Michael Zacharia purchased 790 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $13.15 per share, for a total transaction of $10,388.50. Following the completion of the acquisition, the director now directly owns 16,542 shares in the company, valued at approximately $217,527.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Trinity Capital Stock Up 2.2 %
TRIN opened at $13.67 on Thursday. The firm's 50 day simple moving average is $13.83 and its two-hundred day simple moving average is $14.30. The company has a market capitalization of $805.25 million, a PE ratio of 7.99 and a beta of 0.55. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $15.44. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same quarter last year, the company earned $0.58 earnings per share. As a group, equities analysts forecast that Trinity Capital Inc. will post 2.09 EPS for the current year.
Trinity Capital Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.92%. The ex-dividend date was Monday, September 30th. Trinity Capital's payout ratio is 119.30%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in TRIN. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital during the 2nd quarter valued at $35,000. Blue Trust Inc. raised its holdings in Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company's stock valued at $109,000 after acquiring an additional 6,474 shares during the period. Paloma Partners Management Co purchased a new position in shares of Trinity Capital in the first quarter valued at about $150,000. MQS Management LLC purchased a new position in shares of Trinity Capital in the second quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company's stock worth $152,000 after purchasing an additional 918 shares in the last quarter. Institutional investors own 24.62% of the company's stock.
Analysts Set New Price Targets
Separately, Wells Fargo & Company lowered their target price on Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th.
Read Our Latest Research Report on Trinity Capital
Trinity Capital Company Profile
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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.
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