Trinity Capital (NASDAQ:TRIN) Shares Gap Down – Should You Sell?

Trinity Capital Inc. (NASDAQ:TRIN) gapped down prior to trading on Wednesday . The stock had previously closed at $15.03, but opened at $14.52. Trinity Capital shares last traded at $14.6690, with a volume of 385,066 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Capital One Financial set a $17.00 target price on shares of Trinity Capital in a research report on Thursday, December 11th. Citizens Jmp started coverage on shares of Trinity Capital in a research note on Monday, December 8th. They issued a “market outperform” rating and a $17.50 price objective for the company. Loop Capital set a $17.00 price objective on shares of Trinity Capital in a report on Thursday, December 11th. Citigroup started coverage on shares of Trinity Capital in a research report on Monday, December 8th. They set an “outperform” rating on the stock. Finally, Noble Financial started coverage on shares of Trinity Capital in a research report on Thursday, December 11th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.44.

Trinity Capital Trading Down 2.5%

The firm’s 50-day moving average price is $14.89 and its 200 day moving average price is $15.12. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 6.69 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. The business had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. As a group, equities research analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. Trinity Capital’s payout ratio is 93.15%.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Steven Brown acquired 6,920 shares of Trinity Capital stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $14.44 per share, with a total value of $99,924.80. Following the completion of the purchase, the chief executive officer directly owned 997,033 shares of the company’s stock, valued at $14,397,156.52. This represents a 0.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Steve Louis Brown bought 2,137 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $14.52 per share, for a total transaction of $31,029.24. Following the transaction, the chairman owned 820,603 shares of the company’s stock, valued at approximately $11,915,155.56. The trade was a 0.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 20,157 shares of company stock worth $292,074 in the last ninety days. 5.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Advisory LLC lifted its stake in Trinity Capital by 37.2% in the 1st quarter. Vident Advisory LLC now owns 22,219 shares of the company’s stock valued at $337,000 after purchasing an additional 6,022 shares during the last quarter. Quarry LP increased its holdings in shares of Trinity Capital by 194.8% during the first quarter. Quarry LP now owns 4,442 shares of the company’s stock worth $67,000 after buying an additional 2,935 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Trinity Capital in the 1st quarter valued at $1,777,000. PDT Partners LLC bought a new position in shares of Trinity Capital in the 1st quarter valued at $225,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Trinity Capital by 8.1% during the 1st quarter. Advisors Asset Management Inc. now owns 191,529 shares of the company’s stock valued at $2,904,000 after acquiring an additional 14,291 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.