Legacy Capital Wealth Partners LLC purchased a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,363 shares of the company's stock, valued at approximately $1,487,000. Legacy Capital Wealth Partners LLC owned 0.23% of Trinity Capital as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of the stock. Avior Wealth Management LLC bought a new position in shares of Trinity Capital in the third quarter worth about $32,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Trinity Capital in the third quarter worth approximately $126,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Trinity Capital in the fourth quarter worth approximately $154,000. Belpointe Asset Management LLC bought a new position in Trinity Capital in the third quarter worth approximately $155,000. Finally, Grimes & Company Inc. bought a new position in Trinity Capital in the fourth quarter worth approximately $157,000. Institutional investors own 24.62% of the company's stock.
Analyst Ratings Changes
TRIN has been the topic of several recent research reports. UBS Group increased their target price on Trinity Capital from $16.00 to $16.50 and gave the company a "buy" rating in a research report on Monday, March 18th. B. Riley restated a "buy" rating and issued a $16.50 target price (up previously from $16.00) on shares of Trinity Capital in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Trinity Capital currently has an average rating of "Moderate Buy" and a consensus target price of $15.58.
Read Our Latest Report on Trinity Capital
Insider Buying and Selling
In other news, CEO Kyle Steven Brown purchased 3,354 shares of the business's stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the acquisition, the chief executive officer now directly owns 821,477 shares of the company's stock, valued at approximately $12,248,222.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.75% of the stock is currently owned by corporate insiders.
Trinity Capital Trading Up 2.0 %
NASDAQ TRIN traded up $0.30 on Friday, reaching $15.18. The stock had a trading volume of 505,767 shares, compared to its average volume of 435,370. The stock has a fifty day moving average price of $14.61 and a two-hundred day moving average price of $14.48. The firm has a market capitalization of $704.96 million, a price-to-earnings ratio of 7.95 and a beta of 0.62. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. Trinity Capital Inc. has a 12-month low of $11.32 and a 12-month high of $15.44.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The firm had revenue of $47.83 million for the quarter, compared to analyst estimates of $46.79 million. Trinity Capital had a return on equity of 16.86% and a net margin of 42.28%. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, sell-side analysts forecast that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.
Trinity Capital Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.44%. This is a boost from Trinity Capital's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 27th. Trinity Capital's dividend payout ratio is presently 106.81%.
Trinity Capital Company Profile
(
Free Report)
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.
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