2 weeks Ago By ABMN Staff
Trinity Capital Inc. ( NASDAQ:TRIN – Free Report ) – Equities research analysts at B. Riley upped their Q4 2024 earnings estimates for shares of Trinity Capital in a note issued to investors on Thursday, October 31st.
B. Riley analyst B. Rowe now expects that the company will earn $0.
55 per share for the quarter, up from their previous forecast of $0.53. The consensus estimate for Trinity Capital’s current full-year earnings is $2.
09 per share. B. Riley also issued estimates for Trinity Capital’s FY2025 earnings at $2.
13 EPS. Trinity Capital ( NASDAQ:TRIN – Get Free Report ) 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).
The business had revenue of $54.64 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.58 earnings per share. Get Our Latest Analysis on Trinity Capital Trinity Capital Trading Up 2.
0 % Shares of TRIN stock opened at $13.37 on Monday. The company has a 50 day moving average of $13.
85 and a 200-day moving average of $14.31. Trinity Capital has a 12-month low of $13.
05 and a 12-month high of $15.44. The firm has a market cap of $787.
63 million, a P/E ratio of 7.80 and a beta of 0.55.
The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.
07. Trinity Capital Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.
51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend 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 news, Director Ronald E. Estes purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st.
The stock was purchased at an average cost of $13.59 per share, with a total value of $27,180.00.
Following the acquisition, the director now directly owns 25,836 shares in the company, valued at approximately $351,111.24. This trade represents a 0.
00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . In other news, CEO Kyle Steven Brown bought 7,562 shares of Trinity Capital stock in a transaction that occurred on Friday, November 1st.
The shares were acquired at an average price of $13.39 per share, with a total value of $101,255.18.
Following the completion of the purchase, the chief executive officer now directly owns 964,832 shares in the company, valued at $12,919,100.48. The trade was a 0.
00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink . Also, Director Ronald E.
Estes purchased 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $13.59 per share, with a total value of $27,180.
00. Following the purchase, the director now owns 25,836 shares of the company’s stock, valued at approximately $351,111.24.
The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Over the last ninety days, insiders bought 15,159 shares of company stock worth $207,348. 6.38% of the stock is owned by company insiders.
Institutional Trading of Trinity Capital Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Trinity Capital by 127.9% in the 1st quarter.
Commonwealth Equity Services LLC now owns 68,021 shares of the company’s stock valued at $999,000 after purchasing an additional 38,172 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Trinity Capital by 77.0% in the first quarter.
Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after purchasing an additional 17,068 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Trinity Capital by 51.
6% during the first quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock valued at $475,000 after buying an additional 11,011 shares during the period.
Truvestments Capital LLC purchased a new position in shares of Trinity Capital during the first quarter valued at about $195,000. Finally, Paloma Partners Management Co bought a new stake in Trinity Capital during the 1st quarter valued at approximately $150,000. Institutional investors own 24.
62% of the company’s stock. Trinity Capital Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Trinity Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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