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

Two Sigma Advisers LP boosted its position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 73.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,400 shares of the company's stock after purchasing an additional 84,200 shares during the quarter. Two Sigma Advisers LP owned about 0.34% of Trinity Capital worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of Trinity Capital by 652.3% in the fourth quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock worth $3,522,000 after purchasing an additional 211,060 shares during the period. Round Rock Advisors LLC bought a new position in Trinity Capital in the 4th quarter worth about $2,772,000. Trexquant Investment LP increased its stake in Trinity Capital by 421.3% in the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock worth $3,266,000 after acquiring an additional 182,414 shares during the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Trinity Capital in the 4th quarter valued at about $2,469,000. Finally, Concentric Capital Strategies LP bought a new stake in shares of Trinity Capital during the 4th quarter valued at about $1,967,000. 24.62% of the stock is owned by institutional investors.

Trinity Capital Stock Down 0.3%

Shares of NASDAQ:TRIN traded down $0.04 during midday trading on Friday, reaching $14.56. The company's stock had a trading volume of 444,215 shares, 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. The firm has a 50 day moving average of $14.54 and a 200-day moving average of $14.91. The firm has a market capitalization of $941.32 million, a P/E ratio of 8.51 and a beta of 0.57. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $65.39 million for the quarter, compared to analysts' expectations of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, research analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 research note on Monday, April 28th. B. Riley initiated coverage on shares of Trinity Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.00 target price for the company. UBS Group lowered their price target on Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price target on 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.

Insider Activity at Trinity Capital

In other news, 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 transaction of $49,691.50. Following the sale, the director now owns 93,735 shares in the company, valued at $1,396,651.50. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kyle Steven Brown purchased 3,513 shares of Trinity Capital stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $14.22 per share, with a total value of $49,954.86. Following the transaction, the chief executive officer now directly owns 55,332 shares in the company, valued at approximately $786,821.04. The trade was a 6.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.31% of the stock is currently owned by insiders.

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.