The price of Trinity Capital Inc (NASDAQ:TRIN) shares last traded on Wall Street rose 0.63% to $14.48.
TRIN stock price is now 4.12% away from the 50-day moving average and 0.91% away from the 200-day moving average. The market capitalization of the company currently stands at $852.95M.
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With the price target maintained at $15.50, Compass Point recently Upgraded its rating from Neutral to Buy for Trinity Capital Inc (NASDAQ: TRIN). On August 07, 2023, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $15, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Brown Steve Louis, Executive Chairman bought 19,350 shares of the company’s stock on Nov 04 ’24. The stock was bought for $253,951 at an average price of $13.12. Upon completion of the transaction, the Executive Chairman now directly owns 722,182 shares in the company, valued at $10.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director Zacharia Michael bought 790 shares of the business’s stock. A total of $10,385 was incurred on buying the stock at an average price of $13.15. This leaves the insider owning 16,542 shares of the company worth $0.24 million. A total of 4.06% of the company’s stock is owned by insiders.
During the past 12 months, Trinity Capital Inc has had a low of $13.05 and a high of $15.44. The fifty day moving average price for TRIN is $13.8982 and a two-hundred day moving average price translates $14.346875 for the stock.
The latest earnings results from Trinity Capital Inc (NASDAQ: TRIN) was released for 2024-09-30. The net profit margin was 44.48% and return on equity was 13.19% for TRIN. The company reported revenue of $61.77 million for the quarter, compared to $46.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.01 percent.
