Trinity Capital Inc. (NASDAQ:TRIN) Shares Bought by Round Rock Advisors LLC

Round Rock Advisors LLC raised 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 and Exchange Commission (SEC). The fund owned 532,931 shares of the company's stock after purchasing an additional 341,343 shares during the period. Trinity Capital comprises about 1.5% of Round Rock Advisors LLC's portfolio, making the stock its 15th largest holding. Round Rock Advisors LLC owned approximately 0.85% of Trinity Capital worth $8,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Melia Wealth LLC increased its stake in Trinity Capital by 3.0% during the fourth quarter. Melia Wealth LLC now owns 1,096,969 shares of the company's stock valued at $15,873,000 after purchasing an additional 32,107 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Trinity Capital by 9.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock valued at $12,211,000 after purchasing an additional 71,633 shares during the last quarter. Ares Management LLC increased its stake in Trinity Capital by 25.0% during the fourth quarter. Ares Management LLC now owns 549,839 shares of the company's stock valued at $7,956,000 after purchasing an additional 109,839 shares during the last quarter. Millennium Management LLC increased its stake in Trinity Capital by 21.9% during the fourth quarter. Millennium Management LLC now owns 449,040 shares of the company's stock valued at $6,498,000 after purchasing an additional 80,721 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Trinity Capital by 19.0% during the fourth quarter. Two Sigma Investments LP now owns 366,702 shares of the company's stock worth $5,306,000 after acquiring an additional 58,457 shares during the last quarter. Institutional investors own 24.62% of the company's stock.

Insider Activity

In other Trinity Capital news, CEO Kyle Steven Brown purchased 3,513 shares of the business's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $14.22 per share, with a total value of $49,954.86. Following the acquisition, the chief executive officer owned 55,332 shares of the company's stock, valued at $786,821.04. The trade was a 6.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard P. Hamada sold 3,335 shares of the company's stock in a transaction dated 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 sale, the director directly owned 93,735 shares of the company's stock, valued at $1,396,651.50. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders purchased 6,213 shares of company stock valued at $89,005 in the last ninety days. Corporate insiders own 6.38% of the company's stock.

Trinity Capital Trading Down 0.2%

TRIN stock traded down $0.03 during trading on Friday, hitting $14.41. The company had a trading volume of 810,151 shares, compared to its average volume of 577,056. The firm has a market capitalization of $931.61 million, a price-to-earnings ratio of 6.58 and a beta of 0.53. The business has a 50 day moving average of $14.42 and a 200 day moving average of $14.89. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $65.39 million during the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a return on equity of 15.91% and a net margin of 50.74%. As a group, equities analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently disclosed 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. This represents a $2.04 annualized dividend and a yield of 14.16%. The ex-dividend date of this dividend is Monday, June 30th. Trinity Capital's payout ratio is currently 93.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. B. Riley assumed coverage on shares of Trinity Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target for the company. UBS Group lowered their price target 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th.

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.