Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Trinity Capital Reaches Analyst Target Price
Monday, November 8, 10:01 AM ET, by Market News Video Staff

In recent trading, shares of Trinity Capital Inc (TRIN) have crossed above the average analyst ...

Reminder - Trinity Capital (TRIN) Goes Ex-Dividend Soon
Tuesday, December 28, 11:30 AM ET, by Market News Video Staff

On 12/30/21, Trinity Capital Inc (TRIN) will trade ex-dividend, for its quarterly dividend of $0.36, ...

TRIN Ex-Dividend Reminder - 3/30/22
Monday, March 28, 11:13 AM ET, by Market News Video Staff

On 3/30/22, Trinity Capital Inc (TRIN) will trade ex-dividend, for its quarterly dividend of $0.40, ...

Investors Snag TRIN Even Cheaper Than Its Secondary Stock Offering
Thursday, April 7, 10:05 AM ET, by Market News Video Staff

Looking back to 2 days ago, Trinity Capital Inc (TRIN) priced a 2,754,820 share secondary ...

Trinity Capital is Oversold
Monday, May 9, 12:36 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Will Insiders Be Tempted To Buy More TRIN At The New 52-Week Low?

By Market News Video Staff, Thursday, June 30, 1:08 PM ET
Play Video: The Importance of ETFs

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

In trading on Thursday, shares of Trinity Capital Inc (NASDAQ:TRIN) touched a new 52-week low of $14.03/share. That's a $6.23 share price drop, or -30.75% decline from the 52-week high of $20.26 set back on 03/29/2022. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for TRIN that means the stock would have to gain 44.40% to get back to the 52-week high. For a move like that, Trinity Capital Inc would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as TRIN shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, TRIN has seen 7 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
03/18/2022 Steve Louis Brown Chairman and CEO 1,550 $18.27 $28,318.50
03/18/2022 Ronald E. Estes Director 600 $18.14 $10,881.78
03/18/2022 Michael Zacharia Director 1,200 $18.36 $22,032.00
03/18/2022 Michael Zacharia Director 1,000 $18.97 $18,970.00
03/23/2022 Ronald E. Estes Director 325 $18.75 $6,093.75
05/13/2022 Ronald E. Estes Director 3,860 $15.48 $59,752.80
05/12/2022 Gerald Harder Chief Operating Officer 1,000 $15.57 $15,570.00
05/13/2022 Kyle Steven Brown President & CIO 7,982 $15.37 $122,706.17
05/12/2022 Michael Zacharia Director 3,900 $15.02 $58,578.00
05/12/2022 David Michael Lund CFO, EVP - Finance & Treasurer 3,200 $15.29 $48,928.00
05/25/2022 Ronald E. Estes Director 300 $15.49 $4,647.00
05/24/2022 Richard P. Hamada Director 5,058 $15.00 $75,870.00
05/20/2022 Kyle Steven Brown President & CIO 3,377 $14.80 $49,979.60

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where TRIN has traded over the past year, with the 50-day and 200-day moving averages included.

Trinity Capital Inc Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for TRIN shares, which are presently showing a last trade of $14.57/share, slightly above the new 52-week low.

This Article's Word Cloud:   Bargains   Brown   Capital   Chairman   Cheaper   Chief   David   Director   Estes   Finance   Gerald   Hamada   Harder   Here   Insider   Insiders   Kyle   Large   Louis   Michael   President   Ronald   Steven   TRIN   Trinity   Zacharia   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

Will Insiders Be Tempted To Buy More TRIN At The New 52-Week Low? | Market News Video | Copyright © 2008 - 2022, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.