Ares Management LLC Increases Position in Trinity Capital Inc. (NASDAQ:TRIN)

Ares Management LLC boosted its position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 549,839 shares of the company's stock after acquiring an additional 109,839 shares during the period. Trinity Capital accounts for about 0.0% of Ares Management LLC's holdings, making the stock its 22nd biggest position. Ares Management LLC owned approximately 0.93% of Trinity Capital worth $7,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Kennedy Capital Management LLC grew its position in shares of Trinity Capital by 0.3% in the fourth quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company's stock valued at $3,188,000 after purchasing an additional 676 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Trinity Capital by 5.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock worth $349,000 after buying an additional 1,302 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Trinity Capital by 11.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company's stock valued at $200,000 after acquiring an additional 1,423 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Trinity Capital by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 80,101 shares of the company's stock worth $1,159,000 after purchasing an additional 1,554 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its holdings in Trinity Capital by 5.0% in the 4th quarter. First Financial Bank Trust Division now owns 38,665 shares of the company's stock valued at $559,000 after purchasing an additional 1,838 shares during the period. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Down 0.5 %

NASDAQ TRIN traded down $0.07 during mid-day trading on Tuesday, reaching $14.07. The stock had a trading volume of 238,286 shares, compared to its average volume of 520,459. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82. The stock has a market cap of $884.03 million, a PE ratio of 8.22 and a beta of 0.57. The company has a fifty day moving average price of $15.11 and a 200 day moving average price of $14.81.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced 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 firm had revenue of $70.83 million during the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, research analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.50%. Trinity Capital's dividend payout ratio is currently 99.03%.

Analyst Upgrades and Downgrades

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

Trinity Capital Company 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.