Trinity Capital (NASDAQ:TRIN) Shares Down 3.6%

Shares of Trinity Capital Inc. (NASDAQ:TRIN) fell 3.6% during mid-day trading on Monday . The stock traded as low as $13.38 and last traded at $13.43. 158,011 shares changed hands during trading, a decline of 67% from the average session volume of 478,948 shares. The stock had previously closed at $13.93.

Trinity Capital Trading Down 3.0 %

The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The firm has a market cap of $668.46 million, a P/E ratio of 8.65 and a beta of 0.55. The business’s 50 day moving average is $14.14 and its 200-day moving average is $14.47.

Trinity Capital (NASDAQ:TRIN) last issued 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). The company had revenue of $54.64 million during the quarter, compared to analyst estimates of $53.17 million. Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. During the same quarter last year, the company posted $0.58 EPS. As a group, analysts forecast that Trinity Capital Inc. will post 2.08 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.51 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.04 annualized dividend and a dividend yield of 15.10%. Trinity Capital’s payout ratio is 126.71%.

Insider Activity

In related news, CEO Kyle Steven Brown bought 3,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the purchase, the chief executive officer now directly owns 975,298 shares in the company, valued at approximately $13,800,466.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 5,597 shares of company stock worth $78,913. 6.38% of the stock is currently owned by insiders.

Institutional Trading of Trinity Capital

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Trinity Capital during the second quarter worth approximately $35,000. Tucker Asset Management LLC acquired a new stake in Trinity Capital during the 4th quarter worth about $45,000. Paloma Partners Management Co purchased a new stake in shares of Trinity Capital in the 1st quarter valued at approximately $150,000. MQS Management LLC acquired a new stake in shares of Trinity Capital in the second quarter worth $152,000. Finally, Annex Advisory Services LLC acquired a new stake in Trinity Capital during the 1st quarter worth about $179,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

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.