Two Sigma Investments LP Grows Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Two Sigma Investments LP increased its position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 366,702 shares of the company's stock after buying an additional 58,457 shares during the quarter. Two Sigma Investments LP owned 0.62% of Trinity Capital worth $5,306,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRIN. Cornerstone Wealth Management LLC increased its position in shares of Trinity Capital by 5.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock worth $349,000 after purchasing an additional 1,302 shares during the last quarter. Blue Trust Inc. increased its position in shares of Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock worth $133,000 after purchasing an additional 2,100 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Trinity Capital during the 4th quarter worth approximately $162,000. Chicago Partners Investment Group LLC increased its position in shares of Trinity Capital by 31.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company's stock worth $1,261,000 after purchasing an additional 21,154 shares during the last quarter. Finally, Round Rock Advisors LLC acquired a new position in shares of Trinity Capital during the 4th quarter worth approximately $2,772,000. 24.62% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Capital

In related news, CEO Kyle Steven Brown acquired 3,513 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $14.22 per share, with a total value of $49,954.86. Following the completion of the purchase, the chief executive officer now directly owns 55,332 shares in the company, valued at $786,821.04. This trade represents a 6.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 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. 5.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Trinity Capital Stock Performance

Shares of NASDAQ TRIN traded down $0.04 during midday trading on Friday, hitting $14.56. 444,215 shares of the company's stock were exchanged, compared to its average volume of 537,060. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82. The company's 50 day moving average price is $14.54 and its 200 day moving average price is $14.91. The firm has a market capitalization of $941.32 million, a PE ratio of 8.51 and a beta of 0.57.

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 the consensus estimate of $0.53 by ($0.01). The firm had revenue of $65.39 million for the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 14.01%. Trinity Capital's dividend payout ratio is presently 93.15%.

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.