Trading Day Triumph: Trinity Capital Inc (TRIN) Ends at 14.21, a -0.28 Surge/Plunge

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Trinity Capital Inc (NASDAQ: TRIN) closed the day trading at $14.21 down -0.28% from the previous closing price of $14.25. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 0.83 million shares were traded. TRIN stock price reached its highest trading level at $14.275 during the session, while it also had its lowest trading level at $14.125.

Ratios:

For a better understanding of TRIN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.68. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.13.

On August 07, 2023, Keefe Bruyette Upgraded its rating to Mkt Perform which previously was Underperform but kept the price unchanged to $15.

On July 05, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $15.Jefferies initiated its Buy rating on July 05, 2023, with a $15 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when Brown Kyle Steven bought 3,500 shares for $14.15 per share. The transaction valued at 49,542 led to the insider holds 975,298 shares of the business.

Brown Kyle Steven bought 3,354 shares of TRIN for $49,993 on Mar 14 ’24. The CEO, President and CIO now owns 821,477 shares after completing the transaction at $14.91 per share. On Nov 07 ’23, another insider, Brown Kyle Steven, who serves as the President and CIO of the company, bought 2,786 shares for $14.36 each. As a result, the insider paid 40,007 and bolstered with 830,708 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRIN now has a Market Capitalization of 760530560 and an Enterprise Value of 1482851328. As of this moment, Trinity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.65, and their Forward P/E ratio for the next fiscal year is 6.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.93 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 7.763.

Stock Price History:

Over the past 52 weeks, TRIN has reached a high of $15.44, while it has fallen to a 52-week low of $13.21. The 50-Day Moving Average of the stock is -1.45%, while the 200-Day Moving Average is calculated to be -2.40%.

Shares Statistics:

Over the past 3-months, TRIN traded about 443.64K shares per day on average, while over the past 10 days, TRIN traded about 463160 shares per day. A total of 53.37M shares are outstanding, with a floating share count of 49.91M. Insiders hold about 6.49% of the company’s shares, while institutions hold 21.50% stake in the company. Shares short for TRIN as of 1722384000 were 1360726 with a Short Ratio of 3.07, compared to 1719532800 on 1458128. Therefore, it implies a Short% of Shares Outstanding of 1360726 and a Short% of Float of 2.79.

Dividends & Splits

TRIN’s forward annual dividend rate is 2.01, up from 2.01 a year ago. Against a Trailing Annual Dividend Yield of 0.14105263

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