Two Sigma Investments LP Has $5.31 Million Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Two Sigma Investments LP increased its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 19.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 366,702 shares of the company's stock after purchasing an additional 58,457 shares during the period. Two Sigma Investments LP owned approximately 0.62% of Trinity Capital worth $5,306,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TRIN. Millennium Management LLC raised its holdings in Trinity Capital by 21.9% in the 4th quarter. Millennium Management LLC now owns 449,040 shares of the company's stock valued at $6,498,000 after acquiring an additional 80,721 shares in the last quarter. Concentric Capital Strategies LP acquired a new position in Trinity Capital in the 4th quarter valued at approximately $1,967,000. Brevan Howard Capital Management LP acquired a new position in Trinity Capital in the 4th quarter valued at approximately $397,000. BNP Paribas Financial Markets acquired a new position in Trinity Capital in the 4th quarter valued at approximately $708,000. Finally, Ameriprise Financial Inc. raised its holdings in Trinity Capital by 38.9% in the 4th quarter. Ameriprise Financial Inc. now owns 323,686 shares of the company's stock valued at $4,684,000 after acquiring an additional 90,580 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.

Trinity Capital Price Performance

NASDAQ TRIN traded down $0.05 during trading hours on Wednesday, reaching $14.63. 435,145 shares of the company's stock were exchanged, compared to its average volume of 534,353. The stock has a market cap of $945.84 million, a PE ratio of 8.56 and a beta of 0.57. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82. The firm has a fifty day moving average of $14.60 and a 200-day moving average of $14.90. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 EPS 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 return on equity of 15.90% and a net margin of 40.73%. On average, equities research analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 13.94%. Trinity Capital's payout ratio is 93.15%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley assumed coverage on Trinity Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price objective on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price objective on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group lowered their price objective on Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

Insider Buying and Selling at Trinity Capital

In other news, CEO Kyle Steven Brown acquired 3,513 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $14.22 per share, for a total transaction of $49,954.86. Following the transaction, the chief executive officer now owns 55,332 shares of the company's stock, valued at approximately $786,821.04. This represents a 6.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $14.90, for a total value of $49,691.50. Following the completion of the transaction, the director now directly owns 93,735 shares in the company, valued at approximately $1,396,651.50. This trade represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Corporate 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.