Emerald Mutual Fund Advisers Trust Cuts Position in Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Mutual Fund Advisers Trust lessened its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 577,713 shares of the company's stock after selling 93,735 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.98% of Trinity Capital worth $8,360,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in shares of Trinity Capital by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock worth $20,110,000 after purchasing an additional 88,698 shares during the period. Melia Wealth LLC grew its holdings in Trinity Capital by 3.0% during the 4th quarter. Melia Wealth LLC now owns 1,096,969 shares of the company's stock valued at $15,873,000 after purchasing an additional 32,107 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Trinity Capital by 9.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock worth $12,211,000 after purchasing an additional 71,633 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Trinity Capital by 652.3% during the fourth quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after buying an additional 211,060 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Trinity Capital by 30.5% during the 4th quarter. Franklin Resources Inc. now owns 243,200 shares of the company's stock worth $3,519,000 after acquiring an additional 56,844 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRIN. Keefe, Bruyette & Woods lifted their target price on Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Wells Fargo & Company lowered 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. Finally, UBS Group dropped their target price on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

Trinity Capital Stock Performance

Shares of Trinity Capital stock opened at $14.84 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock's fifty day moving average price is $15.28 and its 200-day moving average price is $14.79. The firm has a market cap of $932.41 million, a P/E ratio of 8.68 and a beta of 0.56. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million for the quarter, compared to the consensus estimate of $64.13 million. On average, equities research analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 13.75%. Trinity Capital's dividend payout ratio (DPR) is presently 99.03%.

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.

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