Dynamic Technology Lab Private Ltd Invests $320,000 in Trinity Capital Inc. $TRIN

Key Points

• Dynamic Technology Lab Private Ltd has invested $320,000 in Trinity Capital Inc., acquiring 21,100 shares in the first quarter, indicating growing institutional interest in the company.
• Trinity Capital recently reported $0.53 earnings per share (EPS) for the quarter, surpassing analysts’ expectations and achieving a net margin of 51.88% with revenues of $69.48 million.
• The company's annualized dividend yield is 12.7%, with a quarterly payment of $0.51, reflecting a robust dividend policy despite a high payout ratio of 91.48%.

Dynamic Technology Lab Private Ltd acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,100 shares of the company's stock, valued at approximately $320,000.

Several other large investors also recently made changes to their positions in the business. PharVision Advisers LLC acquired a new stake in shares of Trinity Capital in the first quarter worth $212,000. Advisors Asset Management Inc. boosted its stake in shares of Trinity Capital by 8.1% in the first quarter. Advisors Asset Management Inc. now owns 191,529 shares of the company's stock valued at $2,904,000 after purchasing an additional 14,291 shares during the period. PDT Partners LLC purchased a new position in shares of Trinity Capital in the first quarter valued at $225,000. Cubist Systematic Strategies LLC purchased a new position in shares of Trinity Capital in the first quarter valued at $1,777,000. Finally, Quarry LP boosted its stake in shares of Trinity Capital by 194.8% in the first quarter. Quarry LP now owns 4,442 shares of the company's stock valued at $67,000 after purchasing an additional 2,935 shares during the period. Institutional investors and hedge funds own 24.62% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Wells Fargo & Company restated an "underweight" rating and issued a $13.50 target price (up from $13.00) on shares of Trinity Capital in a research note on Tuesday, August 12th. Finally, B. Riley upped their target price on shares of Trinity Capital from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trinity Capital currently has a consensus rating of "Hold" and an average target price of $15.75.

Insider Activity

In other news, Director Ronald E. Estes acquired 2,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of $16.07 per share, for a total transaction of $32,140.00. Following the transaction, the director directly owned 35,779 shares in the company, valued at $574,968.53. This trade represents a 5.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kyle Steven Brown acquired 3,200 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $15.78 per share, for a total transaction of $50,496.00. Following the completion of the transaction, the chief executive officer owned 1,006,300 shares in the company, valued at $15,879,414. The trade was a 0.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,200 shares of company stock worth $98,776. 5.31% of the stock is currently owned by insiders.

Trinity Capital Price Performance

Shares of TRIN stock opened at $16.11 on Friday. The firm has a market cap of $1.13 billion, a P/E ratio of 7.22 and a beta of 0.54. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The firm has a fifty day moving average of $15.45 and a two-hundred day moving average of $15.03.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. Trinity Capital had a net margin of 51.88% and a return on equity of 15.72%. The company had revenue of $69.48 million for the quarter, compared to the consensus estimate of $68.84 million. On average, sell-side analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.51 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.04 annualized dividend and a yield of 12.7%. Trinity Capital's dividend payout ratio (DPR) is currently 91.48%.

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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