32,502 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Acquired by XTX Topco Ltd

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 bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,502 shares of the company's stock, valued at approximately $493,000. XTX Topco Ltd owned approximately 0.05% of Trinity Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TRIN. Round Rock Advisors LLC increased its position in shares of Trinity Capital by 178.2% during the first quarter. Round Rock Advisors LLC now owns 532,931 shares of the company's stock worth $8,079,000 after purchasing an additional 341,343 shares in the last quarter. LPL Financial LLC increased its position in Trinity Capital by 689.7% in the 1st quarter. LPL Financial LLC now owns 372,983 shares of the company's stock valued at $5,654,000 after acquiring an additional 325,753 shares during the period. Wells Fargo & Company MN increased its position in Trinity Capital by 652.3% in the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after acquiring an additional 211,060 shares during the period. Sovereign s Capital Management LLC acquired a new position in Trinity Capital in the 4th quarter valued at about $2,157,000. Finally, Concentric Capital Strategies LP acquired a new position in Trinity Capital in the 4th quarter valued at about $1,967,000. Institutional investors and hedge funds own 24.62% of the company's stock.

Trinity Capital Stock Performance

TRIN traded up $0.34 during trading on Friday, reaching $15.82. The company's stock had a trading volume of 1,059,576 shares, compared to its average volume of 745,839. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82. The company's fifty day moving average price is $14.61 and its 200-day moving average price is $14.95. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.09 and a beta of 0.54.

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

Trinity Capital Announces Dividend

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

Insider Activity

In related news, Director Richard P. Hamada sold 3,335 shares of Trinity Capital stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $14.90, for a total transaction of $49,691.50. Following the completion of the transaction, the director directly owned 93,735 shares in the company, valued at $1,396,651.50. The trade was a 3.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders purchased 2,700 shares of company stock worth $39,050. Insiders own 5.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRIN shares. UBS Group boosted their price target on Trinity Capital from $17.00 to $17.50 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Wells Fargo & Company dropped their price target on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price target on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Finally, B. Riley boosted their price target on Trinity Capital from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday.

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.