27,445 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,445 shares of the company's stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of Trinity Capital in the fourth quarter valued at $101,000. Aquatic Capital Management LLC acquired a new position in shares of Trinity Capital in the fourth quarter valued at about $124,000. Blue Trust Inc. grew its stake 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 acquiring an additional 2,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Trinity Capital in the fourth quarter valued at about $152,000. Finally, Colonial River Investments LLC acquired a new position in shares of Trinity Capital in the fourth quarter valued at about $158,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown acquired 3,513 shares of the company's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $14.22 per share, with a total value of $49,954.86. Following the completion of the acquisition, the chief executive officer now directly owns 55,332 shares in the company, valued at $786,821.04. This trade represents a 6.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on TRIN. B. Riley began coverage on shares of Trinity Capital in a research note on Tuesday. They issued a "buy" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company cut their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, UBS Group cut their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Thursday, April 17th.

Trinity Capital Trading Up 0.4%

NASDAQ TRIN traded up $0.06 during trading hours on Friday, reaching $14.79. The company's stock had a trading volume of 194,551 shares, compared to its average volume of 528,074. The firm has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $14.83. The stock has a market cap of $956.23 million, a P/E ratio of 8.66 and a beta of 0.57. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week 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.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. Equities analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm 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 yield of 13.79%. Trinity Capital's dividend payout ratio (DPR) is presently 93.15%.

About Trinity Capital

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.