21,280 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Purchased by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC acquired a new position in Trinity Capital Inc., purchasing 21,280 shares valued at approximately $323,000 in the 1st quarter.
• The company reported a net margin of 51.88% and a return on equity of 15.72% for the last quarter, with earnings per share of $0.53.
• Trinity Capital declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 13.0%.

Eagle Global Advisors LLC acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,280 shares of the company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in shares of Trinity Capital during the first quarter worth approximately $38,000. PNC Financial Services Group Inc. purchased a new position in shares of Trinity Capital during the first quarter worth approximately $45,000. Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital during the fourth quarter worth approximately $124,000. D.A. Davidson & CO. purchased a new position in shares of Trinity Capital during the first quarter worth approximately $160,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Trinity Capital by 9.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company's stock worth $176,000 after acquiring an additional 1,000 shares during the period. 24.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRIN shares. B. Riley raised their target price on shares of Trinity Capital from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods reduced 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 report on Thursday, May 8th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $13.50 target price (up from $13.00) on shares of Trinity Capital in a research report on Tuesday. Finally, UBS Group lifted their price objective on shares of Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a report on Wednesday, July 16th.

Trinity Capital Stock Down 0.9%

TRIN stock traded down $0.15 during trading on Friday, hitting $15.95. 512,621 shares of the company's stock traded hands, compared to its average volume of 672,874. The firm has a market capitalization of $1.12 billion, a P/E ratio of 7.15 and a beta of 0.54. The business has a fifty day simple moving average of $14.76 and a two-hundred day simple moving average of $14.99. 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 announced its earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $69.48 million during the quarter, compared to the consensus estimate of $68.84 million. Trinity Capital had a net margin of 51.88% and a return on equity of 15.72%. On average, equities research analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.8%. The ex-dividend date was Monday, June 30th. Trinity Capital's payout ratio is presently 91.48%.

Insider Buying and Selling at Trinity Capital

In related news, Director Richard P. Hamada sold 3,335 shares of the firm's stock in a transaction on 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 transaction, the director owned 93,735 shares of the company's stock, valued at $1,396,651.50. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kyle Steven Brown bought 3,200 shares of Trinity Capital stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $15.78 per share, with a total value of $50,496.00. Following the acquisition, the chief executive officer owned 1,006,300 shares of the company's stock, 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. Insiders have bought 5,900 shares of company stock valued at $89,546 over the last quarter. Insiders own 5.31% of the company's stock.

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.