48,896 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,896 shares of the company's stock, valued at approximately $708,000. Raymond James Financial Inc. owned about 0.08% of Trinity Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new position in Trinity Capital in the fourth quarter worth approximately $101,000. Blue Trust Inc. grew its position in shares of Trinity Capital by 27.2% in the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock valued at $133,000 after purchasing an additional 2,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Trinity Capital in the 4th quarter valued at $152,000. Colonial River Investments LLC acquired a new position in shares of Trinity Capital in the fourth quarter valued at $158,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Trinity Capital in the 4th quarter worth approximately $158,000. Institutional investors and hedge funds own 24.62% of the company's stock.

Trinity Capital Stock Down 0.3 %

Trinity Capital stock opened at $14.10 on Wednesday. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The company has a market capitalization of $885.92 million, a PE ratio of 8.25 and a beta of 0.57. The firm's fifty day moving average is $15.07 and its 200 day moving average is $14.80. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, sell-side analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.47%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's payout ratio is 99.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TRIN shares. Keefe, Bruyette & Woods lifted their target price on Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. UBS Group cut their price objective on Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price target on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Monday, April 28th.

Trinity Capital Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.

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