Canton Hathaway LLC Has $1.44 Million Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Canton Hathaway LLC raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 247.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 95,256 shares of the company's stock after acquiring an additional 67,830 shares during the quarter. Canton Hathaway LLC owned approximately 0.15% of Trinity Capital worth $1,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PFG Investments LLC increased its position in shares of Trinity Capital by 9.9% during the first quarter. PFG Investments LLC now owns 13,204 shares of the company's stock worth $200,000 after buying an additional 1,188 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of Trinity Capital by 21.9% during the first quarter. Cornerstone Wealth Management LLC now owns 29,375 shares of the company's stock worth $445,000 after buying an additional 5,275 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Trinity Capital by 10.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,478 shares of the company's stock worth $204,000 after buying an additional 1,305 shares during the period. GraniteShares Advisors LLC increased its position in shares of Trinity Capital by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 181,637 shares of the company's stock worth $2,754,000 after buying an additional 11,010 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Trinity Capital during the first quarter worth $38,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Kyle Steven Brown bought 3,513 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $14.22 per share, for a total transaction 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 approximately $786,821.04. This trade represents a 6.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $14.90, for a total transaction of $49,691.50. Following the completion of the sale, the director now owns 93,735 shares of the company's stock, valued at approximately $1,396,651.50. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 6,213 shares of company stock worth $89,005 over the last quarter. Insiders own 5.31% of the company's stock.

Trinity Capital Trading Down 0.2%

Trinity Capital stock opened at $14.27 on Friday. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The firm has a market capitalization of $922.56 million, a price-to-earnings ratio of 6.52 and a beta of 0.55. The firm's fifty day moving average price is $14.47 and its two-hundred day moving average price is $14.91.

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 analysts' consensus estimates of $0.53 by ($0.01). Trinity Capital had a net margin of 50.74% and a return on equity of 15.91%. The business had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. On average, research analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.30%. The ex-dividend date is Monday, June 30th. Trinity Capital's dividend payout ratio (DPR) is 93.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased 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. UBS Group cut 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. B. Riley began coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut 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 note on Thursday, May 8th.

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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