Eagle Global Advisors LLC Takes $323,000 Position in Trinity Capital Inc. (NASDAQ:TRIN)

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 purchased a new stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 21,280 shares of the company's stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new stake in Trinity Capital during the first quarter valued at about $38,000. PNC Financial Services Group Inc. purchased a new stake in Trinity Capital during the first quarter valued at about $45,000. Aquatic Capital Management LLC purchased a new stake in Trinity Capital during the fourth quarter valued at about $124,000. D.A. Davidson & CO. purchased a new stake in Trinity Capital during the first quarter valued at about $160,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Trinity Capital by 9.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company's stock valued at $176,000 after buying an additional 1,000 shares in the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on Trinity Capital from $13.00 to $13.50 and gave the company an "underweight" rating in a report on Tuesday. B. Riley upped their target price on Trinity Capital from $16.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, UBS Group upped their target price on Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a report on Wednesday, July 16th.

Trinity Capital Price Performance

NASDAQ:TRIN traded up $0.25 during mid-day trading on Wednesday, reaching $16.12. The stock had a trading volume of 1,013,544 shares, compared to its average volume of 712,279. The business's 50 day moving average is $14.70 and its 200 day moving average is $14.97. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $16.82. The stock has a market cap of $1.13 billion, a P/E ratio of 7.23 and a beta of 0.54.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. The firm had revenue of $69.48 million for the quarter, compared to the consensus estimate of $68.84 million. Equities 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 issued a $0.51 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.04 dividend on an annualized basis and a yield of 12.7%. Trinity Capital's dividend payout ratio is currently 91.48%.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the transaction, the director owned 93,735 shares in the company, valued at approximately $1,396,651.50. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kyle Steven Brown bought 3,200 shares of the firm's stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $15.78 per share, with a total value of $50,496.00. Following the transaction, the chief executive officer directly owned 1,006,300 shares of the company's stock, valued at approximately $15,879,414. This trade represents a 0.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 5,900 shares of company stock worth $89,546 in the last 90 days. 5.31% of the stock is currently owned by corporate insiders.

About Trinity Capital

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.