Round Rock Advisors LLC Grows Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Round Rock Advisors LLC grew its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 178.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,931 shares of the company's stock after buying an additional 341,343 shares during the quarter. Trinity Capital accounts for 1.5% of Round Rock Advisors LLC's portfolio, making the stock its 15th largest position. Round Rock Advisors LLC owned about 0.85% of Trinity Capital worth $8,079,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRIN. M&T Bank Corp acquired a new position in shares of Trinity Capital during the first quarter worth $182,000. Envestnet Asset Management Inc. grew its position in shares of Trinity Capital by 9.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,278 shares of the company's stock valued at $823,000 after buying an additional 4,656 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Trinity Capital during the 1st quarter valued at about $160,000. Naviter Wealth LLC bought a new stake in shares of Trinity Capital during the 1st quarter valued at about $294,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Trinity Capital by 36.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the company's stock worth $222,000 after purchasing an additional 3,706 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,513 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $14.22 per share, for a total transaction of $49,954.86. Following the acquisition, the chief executive officer directly owned 55,332 shares of the company's stock, valued at $786,821.04. The trade was a 6.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard P. Hamada sold 3,335 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $14.90, for a total transaction of $49,691.50. Following the transaction, the director owned 93,735 shares in the company, valued at approximately $1,396,651.50. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 6,213 shares of company stock worth $89,005 in the last quarter. Insiders own 5.31% of the company's stock.

Trinity Capital Stock Up 0.1%

TRIN stock opened at $14.16 on Thursday. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The company has a market cap of $915.44 million, a price-to-earnings ratio of 6.47 and a beta of 0.53. The company has a 50 day moving average of $14.41 and a two-hundred day moving average of $14.90.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $65.39 million for the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a net margin of 50.74% and a return on equity of 15.91%. On average, research analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.04 annualized dividend and a yield of 14.41%. Trinity Capital's dividend payout ratio (DPR) is presently 93.15%.

Wall Street Analyst Weigh In

TRIN has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods cut their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company cut their target price on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Monday, April 28th. Finally, B. Riley assumed coverage on shares of Trinity Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target on the stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.