Concentric Capital Strategies LP Invests $1.97 Million in Trinity Capital Inc. (NASDAQ:TRIN)

Concentric Capital Strategies LP acquired a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 135,918 shares of the company's stock, valued at approximately $1,967,000. Concentric Capital Strategies LP owned 0.23% of Trinity Capital at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brevan Howard Capital Management LP acquired a new position in shares of Trinity Capital during the 4th quarter worth $397,000. BNP Paribas Financial Markets purchased a new stake in Trinity Capital during the fourth quarter worth about $708,000. Ameriprise Financial Inc. grew its position in Trinity Capital by 38.9% during the fourth quarter. Ameriprise Financial Inc. now owns 323,686 shares of the company's stock worth $4,684,000 after buying an additional 90,580 shares during the period. Ares Management LLC increased its holdings in Trinity Capital by 25.0% in the fourth quarter. Ares Management LLC now owns 549,839 shares of the company's stock valued at $7,956,000 after buying an additional 109,839 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Trinity Capital during the 4th quarter valued at approximately $619,000. Hedge funds and other institutional investors own 24.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TRIN shares. Keefe, Bruyette & Woods lowered their price target on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday. 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 research report on Monday, April 28th. Finally, 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.

Trinity Capital Price Performance

TRIN stock traded up $0.13 on Friday, reaching $14.25. The company had a trading volume of 276,736 shares, compared to its average volume of 526,283. The company's fifty day moving average is $14.93 and its 200 day moving average is $14.81. The company has a market cap of $921.32 million, a P/E ratio of 8.33 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) 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 analysts' expectations of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 14.32%. The ex-dividend date was Monday, March 31st. Trinity Capital's dividend payout ratio (DPR) is 93.15%.

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.