Trinity Capital Inc. (NASDAQ:TRIN) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,326 shares of the company's stock after selling 137,133 shares during the quarter. Marshall Wace LLP owned approximately 0.34% of Trinity Capital worth $2,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRIN. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after purchasing an additional 88,698 shares in the last quarter. Melia Wealth LLC increased its position in shares of Trinity Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 1,096,969 shares of the company's stock valued at $15,873,000 after buying an additional 32,107 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Trinity Capital by 9.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock worth $12,211,000 after buying an additional 71,633 shares during the period. Wells Fargo & Company MN lifted its position in shares of Trinity Capital by 652.3% during the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after buying an additional 211,060 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Trinity Capital by 30.5% in the 4th quarter. Franklin Resources Inc. now owns 243,200 shares of the company's stock valued at $3,519,000 after acquiring an additional 56,844 shares during the period. 24.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on TRIN. UBS Group reduced their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th.

Trinity Capital Price Performance

Shares of NASDAQ TRIN traded up $0.14 during mid-day trading on Friday, reaching $14.37. The company's stock had a trading volume of 163,590 shares, compared to its average volume of 520,119. The stock has a market capitalization of $902.63 million, a P/E ratio of 8.41 and a beta of 0.56. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The stock has a 50-day moving average of $15.19 and a two-hundred day moving average of $14.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million. On average, equities research analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current fiscal 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 14.20%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's dividend payout ratio (DPR) is presently 99.03%.

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.