Trinity Capital (TRIN) Set to Announce Quarterly Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) will announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last announced its 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). Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. The business had revenue of $54.64 million for the quarter, compared to analyst estimates of $53.17 million. During the same quarter in the previous year, the company posted $0.58 EPS. On average, analysts expect Trinity Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Capital Stock Performance

Shares of TRIN opened at $13.66 on Monday. Trinity Capital has a 12 month low of $13.27 and a 12 month high of $15.44. The firm has a fifty day simple moving average of $13.92 and a 200 day simple moving average of $14.34. The stock has a market capitalization of $675.88 million, a price-to-earnings ratio of 8.48 and a beta of 0.55. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.

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 issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.93%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is 126.71%.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,500 shares of Trinity Capital stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the acquisition, the chief executive officer now owns 975,298 shares of the company’s stock, valued at $13,800,466.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 5,597 shares of company stock worth $78,913. 6.38% of the stock is owned by insiders.

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.