Melia Wealth LLC Purchases 44,987 Shares of Trinity Capital Inc. $TRIN

Key Points

• Melia Wealth LLC increased its stake in Trinity Capital Inc. by 4.1% in Q2, holding a total of 1,148,936 shares valued at approximately $16.17 million.
• Trinity Capital recently announced a quarterly dividend of $0.51 per share, translating to an annualized yield of 13.8%.
• As of now, Trinity Capital has a market capitalization of $1.04 billion with a PE ratio of 6.65, and recent earnings surpassed analyst expectations with an EPS of $0.53.

Melia Wealth LLC raised its position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,936 shares of the company's stock after buying an additional 44,987 shares during the quarter. Trinity Capital accounts for 7.7% of Melia Wealth LLC's holdings, making the stock its 4th biggest holding. Melia Wealth LLC owned 1.78% of Trinity Capital worth $16,166,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Round Rock Advisors LLC increased its position in shares of Trinity Capital by 178.2% in the first quarter. Round Rock Advisors LLC now owns 532,931 shares of the company's stock worth $8,079,000 after purchasing an additional 341,343 shares during the period. LPL Financial LLC boosted its stake in shares of Trinity Capital by 689.7% during the first quarter. LPL Financial LLC now owns 372,983 shares of the company's stock valued at $5,654,000 after purchasing an additional 325,753 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of Trinity Capital by 10.7% during the first quarter. Trexquant Investment LP now owns 249,751 shares of the company's stock valued at $3,786,000 after purchasing an additional 24,041 shares in the last quarter. GraniteShares Advisors LLC boosted its stake in shares of Trinity Capital by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 193,748 shares of the company's stock valued at $2,726,000 after purchasing an additional 12,111 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted 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 worth $2,904,000 after acquiring an additional 14,291 shares during the period. Institutional investors own 24.62% of the company's stock.

Trinity Capital Price Performance

Shares of NASDAQ TRIN opened at $14.83 on Tuesday. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82. The business's fifty day moving average price is $15.80 and its 200-day moving average price is $14.95. The stock has a market capitalization of $1.04 billion, a PE ratio of 6.65 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The firm had revenue of $69.48 million for the quarter, compared to analysts' expectations of $68.84 million. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. As a group, equities analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 13.8%. Trinity Capital's dividend payout ratio is 91.48%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Trinity Capital

In other Trinity Capital news, Director Ronald E. Estes bought 2,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were acquired at an average cost of $16.07 per share, for a total transaction of $32,140.00. Following the purchase, the director directly owned 35,779 shares of the company's stock, valued at $574,968.53. The trade was a 5.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kyle Steven Brown bought 3,200 shares of the firm's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $15.78 per share, for a total transaction of $50,496.00. Following the completion of the purchase, the chief executive officer directly owned 1,006,300 shares in the company, valued at approximately $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 purchased a total of 7,200 shares of company stock worth $114,856 in the last three months. 6.38% of the stock is currently owned by insiders.

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.

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