XTX Topco Ltd Acquires Shares of 32,502 Trinity Capital Inc. (NASDAQ:TRIN)

Key Points

• XTX Topco Ltd has acquired a new stake in Trinity Capital Inc. by purchasing 32,502 shares valued at approximately $493,000, representing about 0.05% of the company.
• Trinity Capital recently announced a quarterly dividend of $0.51 per share, resulting in an annualized yield of 13.2%, with a dividend payout ratio of 93.15%.
• Trinity Capital's stock performance shows a market cap of $1 billion and a PE ratio of 6.94, with a 12-month range between $12.50 and $16.82.

XTX Topco Ltd purchased a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 32,502 shares of the company's stock, valued at approximately $493,000. XTX Topco Ltd owned about 0.05% of Trinity Capital at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Trinity Capital by 36.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,000 shares of the company's stock valued at $222,000 after acquiring an additional 3,706 shares during the last quarter. Naviter Wealth LLC bought a new stake in shares of Trinity Capital during the 1st quarter valued at about $294,000. D.A. Davidson & CO. bought a new stake in shares of Trinity Capital during the 1st quarter valued at about $160,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trinity Capital by 10.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,478 shares of the company's stock valued at $204,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Trinity Capital by 90.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,312 shares of the company's stock valued at $399,000 after acquiring an additional 12,460 shares during the last quarter. Institutional investors own 24.62% of the company's stock.

Trinity Capital Stock Performance

NASDAQ:TRIN traded up $0.05 during mid-day trading on Tuesday, reaching $15.80. The stock had a trading volume of 202,335 shares, compared to its average volume of 644,059. The firm has a 50 day moving average price of $14.64 and a two-hundred day moving average price of $14.96. The stock has a market capitalization of $1.11 billion, a P/E ratio of 7.09 and a beta of 0.54. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $69.48 million during the quarter, compared to the consensus estimate of $68.84 million. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. Research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.51 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.04 annualized dividend and a yield of 12.9%. Trinity Capital's payout ratio is presently 91.48%.

Insiders Place Their Bets

In other Trinity Capital news, Director Richard P. Hamada sold 3,335 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the completion of the sale, the director owned 93,735 shares in the company, valued at approximately $1,396,651.50. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 2,700 shares of company stock valued at $39,050 in the last ninety days. Insiders own 6.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TRIN shares. 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 report on Thursday, May 8th. B. Riley boosted their target price on Trinity Capital from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. UBS Group boosted their target price on Trinity Capital from $17.00 to $17.50 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $13.50 target price (up previously from $13.00) on shares of Trinity Capital in a research report on Tuesday.

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.