Trinity Capital Inc (NASDAQ: TRIN) is 2.48% higher on its value in year-to-date trading and has touched a low of $11.06 and a high of $15.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TRIN stock was last observed hovering at around $14.39 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $14.89, the stock is 4.58% and 3.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 3.47% at the moment leaves the stock 5.15% off its SMA200. TRIN registered 6.21% gain for a year compared to 6-month loss of 4.42%. The firm has a 50-day simple moving average (SMA 50) of $3.77.
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The stock witnessed a 7.28% gain in the last 1 month and extending the period to 3 months gives it a 0.91%, and is 3.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.08% over the week and 1.57% over the month.
Trinity Capital Inc (TRIN) has around 57 employees, a market worth around $649.65M and $137.11M in sales. Current P/E ratio is 10.16 and Fwd P/E is 7.07. Profit margin for the company is 42.01%. Distance from 52-week low is 34.62% and -3.56% from its 52-week high. The company has generated returns on investments over the last 12 months (5.25%).
Trinity Capital Inc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $46.42M over the same period.The EPS is expected to shrink by -1.76% this year, but quarterly earnings will post 24.20% year-over-year. Quarterly sales are estimated to grow 11.80% in year-over-year returns.
99 institutions hold shares in Trinity Capital Inc (TRIN), with institutional investors hold 29.40% of the company’s shares. The shares outstanding are 43.63M, and float is at 40.85M with Short Float at 1.73%. Institutions hold 27.54% of the Float.
The top institutional shareholder in the company is Greenwich Investment Management, Inc. with over 1.22 million shares valued at $16.12 million. The investor’s holdings represent 3.31% of the TRIN Shares outstanding. As of Jun 29, 2023, the second largest holder is Invesco Ltd. with 0.9 million shares valued at $11.98 million to account for 2.46% of the shares outstanding. The other top investors are Rockefeller Capital Management L.p. which holds 0.83 million shares representing 2.27% and valued at over $11.06 million, while Emerald Advisers, LLC holds 1.89% of the shares totaling 0.69 million with a market value of $9.21 million.
Trinity Capital Inc (TRIN) Insider Activity
The most recent transaction is an insider purchase by Brown Kyle Steven, the company’s President and CIO. SEC filings show that Brown Kyle Steven bought 2,786 shares of the company’s common stock on Nov 07 ’23 at a price of $14.36 per share for a total of $40007.0. Following the purchase, the insider now owns 0.83 million shares.
Trinity Capital Inc disclosed in a document filed with the SEC on Aug 04 ’23 that Brown Kyle Steven (President and CIO) bought a total of 3,531 shares of the company’s common stock. The trade occurred on Aug 04 ’23 and was made at $14.16 per share for $49999.0. Following the transaction, the insider now directly holds 51819.0 shares of the TRIN stock.
Still, SEC filings show that on Jun 14 ’23, Estes Ronald E. (Director) acquired 500 shares at an average price of $13.25 for $6625.0. The insider now directly holds 23,507 shares of Trinity Capital Inc (TRIN).
