Raymond James Financial Inc. purchased a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.
Several other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Trinity Capital by 652.3% in the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock worth $3,522,000 after purchasing an additional 211,060 shares during the period. Round Rock Advisors LLC acquired a new position in Trinity Capital in the 4th quarter worth approximately $2,772,000. Trexquant Investment LP boosted its stake in Trinity Capital by 421.3% in the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock worth $3,266,000 after purchasing an additional 182,414 shares during the period. GraniteShares Advisors LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $2,469,000. Finally, Van ECK Associates Corp grew its stake in Trinity Capital by 6.8% during the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after acquiring an additional 88,698 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.
Analyst Upgrades and Downgrades
TRIN has been the topic of several research analyst reports. UBS Group lowered their price target on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Monday, April 28th.
View Our Latest Report on Trinity Capital
Trinity Capital Stock Performance
TRIN traded up $0.34 on Monday, hitting $14.59. The company had a trading volume of 79,002 shares, compared to its average volume of 524,604. The company's fifty day moving average price is $14.93 and its 200 day moving average price is $14.82. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market cap of $943.37 million, a price-to-earnings ratio of 8.53 and a beta of 0.57.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.01). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $65.39 million for the quarter, compared to the consensus estimate of $67.67 million. Equities analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.
Trinity Capital Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.98%. Trinity Capital's dividend payout ratio is 93.15%.
Trinity Capital Profile
(
Free Report)
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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