Michael Zacharia, a director at Trinity Capital Inc . (NASDAQ:TRIN), recently acquired additional shares in the company. According to a recent filing, Zacharia purchased a total of 790 shares of common stock on November 4, 2024. The shares were bought at prices ranging from $13.145 to $13.146 per share, amounting to a total investment of $10,385.
Following these transactions, Zacharia's direct ownership of Trinity Capital's common stock increased to 16,542 shares. Additionally, he holds 20,340 shares indirectly through the 2001 Michael E and Debra L Zacharia Trust.
These transactions were executed under the Trinity Capital Inc. 2019 Non-Employee Director Restricted Stock Plan, which includes 3,335 shares that are set to vest in full by June 12, 2025, or the date immediately preceding the next annual meeting of stockholders.
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TRIN
0. 5 analysts have revised their earnings upwards for the upcoming period
TRIN
1. Pays a significant dividend to shareholders
TRIN
2. Short term obligations exceed liquid assets
TRIN
3. Valuation implies a poor free cash flow yield
TRIN
4. Trading near 52-week low
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5. Profitable over the last twelve months
InvestingPro Data:
Market Cap (Adjusted) -: 802.89M USD
TRIN
P/E Ratio -: 7.62
TRIN
Revenue LTM2024.Q3 -: 205.16M USD
TRIN
Revenue Growth LTM2024.Q3 -: 20.08 %
TRIN
Revenue Growth (Quarterly) FY2024.Q3 -: 31.43 %
TRIN
Gross Profit LTM2024.Q3 -: 205.16M USD
TRIN
Gross Profit Margin LTM2024.Q3 -: 100 %
TRIN
Operating Income, Adjusted LTM2024.Q3 -: 152.6M USD
TRIN
EBIT LTM2024.Q3 -: 152.6M USD
TRIN
Basic EPS (Cont. Ops) LTM2024.Q3 -: 1.79 USD
TRIN
Diluted EPS (Cont. Ops) LTM2024.Q3 -: 1.72 USD
TRIN
Dividend Yield Y2024.D311 -: 15.26 %
TRIN
Ex-Date of Last Dividend Y2024.D311 -: 2024-09-30
TRIN
1 Week Price Total (EPA:TTEF) Return Y2024.D311 -: -1.84 %
TRIN
1 Month Price Total Return Y2024.D311 -: -3.26 %
TRIN
3 Month Price Total Return Y2024.D311 -: -1.43 %
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6 Month Price Total Return Y2024.D311 -: -2.95 %
TRIN
YTD Price Total Return Y2024.D311 -: 2.45 %
TRIN
1 Year Price Total Return Y2024.D311 -: 6.88 %
TRIN
Price % of 52 Week High -: 88.28 %
TRIN
Price, Previous Close -: 13.37 USD
TRIN
Average Daily Volume (3m) Y2024.D311 -: 0.53M USD
TRIN
Next (LON:NXT) Earnings Date -: 2025-02-27
TRIN
Fair Value (Analyst Targets) Y2024.D311 -: 15.75 USD
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Article to enrich:
Michael Zacharia, a director at Trinity Capital Inc. (NASDAQ:TRIN), recently acquired additional shares in the company. According to a recent filing, Zacharia purchased a total of 790 shares of common stock on November 4, 2024. The shares were bought at prices ranging from $13.145 to $13.146 per share, amounting to a total investment of $10,385.
Following these transactions, Zacharia's direct ownership of Trinity Capital's common stock increased to 16,542 shares. Additionally, he holds 20,340 shares indirectly through the 2001 Michael E and Debra L Zacharia Trust.
These transactions were executed under the Trinity Capital Inc. 2019 Non-Employee Director Restricted Stock Plan, which includes 3,335 shares that are set to vest in full by June 12, 2025, or the date immediately preceding the next annual meeting of stockholders.
In other recent news, Trinity Capital has reported a record-breaking financial performance for the third quarter of 2024. The company announced a net investment income of $29 million and an 11% increase in net asset value (NAV) to $757 million. Its platform AUM reached $2 billion and it declared a cash dividend of $0.51 per share, marking its 19th consecutive quarter of consistent or increased dividends. Trinity Capital is also expanding into Europe, maintaining its rigorous underwriting standards.
The company's recent developments include a significant uptick in originations, balanced growth across business verticals, and portfolio companies raising $2.9 billion in equity. However, the increase in nonaccrual companies calls for close monitoring of credit quality. Trinity Capital's strategy for its European expansion involves leveraging existing experience and raising capital through a dedicated vehicle.
Analysts have noted a sustained pace of originations and the company's plans to continue its successful capital raising and returns to investors. Despite some bearish highlights such as an increase in nonaccrual companies and elevated operating expenses, analysts remain cautiously optimistic about Trinity Capital's growth prospects.
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