Ameriprise Financial Inc. raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 38.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 323,686 shares of the company's stock after acquiring an additional 90,580 shares during the period. Ameriprise Financial Inc. owned 0.55% of Trinity Capital worth $4,684,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in Trinity Capital in the 4th quarter valued at $124,000. Blue Trust Inc. increased its holdings in shares of Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock worth $133,000 after buying an additional 2,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Trinity Capital during the 4th quarter worth $152,000. Colonial River Investments LLC acquired a new stake in shares of Trinity Capital during the 4th quarter worth $158,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Trinity Capital during the 4th quarter worth $158,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. 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 report on Monday, April 28th. B. Riley assumed coverage on shares of Trinity Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target for the company. Keefe, Bruyette & Woods decreased their price target 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. Finally, UBS Group decreased their price target 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.
Check Out Our Latest Report on Trinity Capital
Insider Activity
In other news, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $14.90, for a total value of $49,691.50. Following the completion of the transaction, the director now directly owns 93,735 shares in the company, valued at $1,396,651.50. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kyle Steven Brown acquired 3,513 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average price 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 of the company's stock, valued at approximately $786,821.04. This represents a 6.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.31% of the company's stock.
Trinity Capital Stock Down 0.3%
NASDAQ:TRIN traded down $0.05 on Wednesday, reaching $14.63. The stock had a trading volume of 435,145 shares, compared to its average volume of 533,277. 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 company has a 50-day moving average of $14.63 and a 200 day moving average of $14.90. The stock has a market cap of $945.84 million, a P/E ratio of 8.56 and a beta of 0.57. 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 issued 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 company had revenue of $65.39 million during the quarter, compared to analyst estimates 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 predict that Trinity Capital Inc. will post 2.06 earnings per share for the current year.
Trinity Capital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.94%. Trinity Capital's dividend payout ratio (DPR) is presently 93.15%.
About Trinity Capital
(
Free Report)
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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