Trinity Capital (NASDAQ:TRIN) Reaches New 1-Year Low – Time to Sell?

Trinity Capital Inc. (NASDAQ:TRIN) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.24 and last traded at $13.26, with a volume of 103793 shares changing hands. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered 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 note on Tuesday, October 29th.

Trinity Capital Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a 50 day moving average of $13.84 and a 200-day moving average of $14.31. The company has a market cap of $787.57 million, a PE ratio of 7.82 and a beta of 0.55.

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

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders 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 15.26%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is 119.30%.

Insider Activity

In other Trinity Capital news, CEO Kyle Steven Brown bought 7,562 shares of Trinity Capital stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $13.39 per share, with a total value of $101,255.18. Following the completion of the acquisition, the chief executive officer now directly owns 964,832 shares in the company, valued at approximately $12,919,100.48. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kyle Steven Brown purchased 7,562 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $13.39 per share, with a total value of $101,255.18. Following the transaction, the chief executive officer now owns 964,832 shares of the company’s stock, valued at approximately $12,919,100.48. 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 this hyperlink. Also, Director Ronald E. Estes acquired 2,000 shares of Trinity Capital stock in a transaction on Friday, November 1st. The shares were bought at an average price of $13.59 per share, with a total value of $27,180.00. Following the purchase, the director now directly owns 25,836 shares in the company, valued at approximately $351,111.24. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 15,159 shares of company stock valued at $207,348 in the last ninety days. Insiders own 6.38% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Trinity Capital during the 2nd quarter valued at approximately $35,000. Blue Trust Inc. increased its holdings in Trinity Capital by 522.1% in the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after buying an additional 6,474 shares in the last quarter. Paloma Partners Management Co purchased a new position in Trinity Capital in the first quarter valued at $150,000. MQS Management LLC acquired a new position in shares of Trinity Capital in the second quarter worth about $152,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after acquiring an additional 918 shares in the last quarter. Hedge funds and other institutional investors 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.