Brevan Howard Capital Management LP Purchases New Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Brevan Howard Capital Management LP acquired a new stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,445 shares of the company's stock, valued at approximately $397,000.

A number of other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in Trinity Capital by 21.8% during the third quarter. Franklin Resources Inc. now owns 186,356 shares of the company's stock valued at $2,583,000 after purchasing an additional 33,352 shares during the last quarter. Moody National Bank Trust Division grew its stake in Trinity Capital by 41.8% in the 4th quarter. Moody National Bank Trust Division now owns 18,332 shares of the company's stock valued at $265,000 after buying an additional 5,401 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Trinity Capital by 10.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 222,351 shares of the company's stock worth $3,217,000 after acquiring an additional 20,842 shares during the last quarter. Trust Co. of Vermont bought a new stake in Trinity Capital during the fourth quarter valued at about $101,000. Finally, Cornerstone Wealth Management LLC grew its position 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 valued at $349,000 after purchasing an additional 1,302 shares during the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Price Performance

Shares of TRIN stock traded up $0.22 during trading hours on Tuesday, hitting $14.81. The company had a trading volume of 630,050 shares, compared to its average volume of 527,579. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The firm's fifty day moving average is $14.88 and its 200 day moving average is $14.82. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82. The firm has a market capitalization of $957.53 million, a price-to-earnings ratio of 8.66 and a beta of 0.57.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its earnings results 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). The firm had revenue of $65.39 million for the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. On average, sell-side analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued 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 yield of 13.77%. Trinity Capital's dividend payout ratio is 93.15%.

Insiders Place Their Bets

In related news, CEO Kyle Steven Brown bought 3,513 shares of Trinity Capital stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $14.22 per share, for a total transaction of $49,954.86. Following the completion of the transaction, the chief executive officer now owns 55,332 shares of the company's stock, valued at approximately $786,821.04. This trade represents a 6.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.31% of the company's stock.

Wall Street Analysts Forecast Growth

TRIN has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price 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. Keefe, Bruyette & Woods dropped their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. B. Riley started coverage on shares of Trinity Capital in a research note on Tuesday. They set a "buy" rating and a $16.00 target price for the company. Finally, UBS Group dropped their price objective 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.

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.