Two Sigma Advisers LP Acquires 84,200 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Two Sigma Advisers LP lifted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 73.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 198,400 shares of the company's stock after acquiring an additional 84,200 shares during the period. Two Sigma Advisers LP owned approximately 0.34% of Trinity Capital worth $2,871,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new position in shares of Trinity Capital during the 4th quarter worth about $124,000. Blue Trust Inc. lifted its holdings 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 acquiring an additional 2,100 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Trinity Capital during the 4th quarter worth about $152,000. Colonial River Investments LLC bought a new position in shares of Trinity Capital during the 4th quarter worth about $158,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of Trinity Capital during the 4th quarter worth about $158,000. 24.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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 for the company. Keefe, Bruyette & Woods cut 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 report on Thursday, May 8th. UBS Group cut their price target on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company cut their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Monday, April 28th.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown acquired 3,513 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $14.22 per share, for a total transaction of $49,954.86. Following the completion of the acquisition, the chief executive officer now owns 55,332 shares in the company, valued at $786,821.04. This trade represents a 6.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard P. Hamada sold 3,335 shares of Trinity Capital stock in a transaction that occurred on 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 transaction, the director now directly owns 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 own 5.31% of the company's stock.

Trinity Capital Price Performance

Shares of NASDAQ TRIN traded down $0.03 during trading on Thursday, reaching $14.60. The company had a trading volume of 373,726 shares, compared to its average volume of 534,948. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82. The stock has a market cap of $943.90 million, a PE ratio of 8.54 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The business's 50 day moving average price is $14.57 and its 200-day moving average price is $14.90.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its 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). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The company had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. Analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.97%. The ex-dividend date was Monday, March 31st. Trinity Capital's dividend payout ratio is presently 93.15%.

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.