Invesco Ltd. Sells 129,899 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Invesco Ltd. trimmed its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 945,123 shares of the company's stock after selling 129,899 shares during the quarter. Invesco Ltd. owned about 1.60% of Trinity Capital worth $13,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Trinity Capital by 652.3% in the 4th 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 in the last quarter. Round Rock Advisors LLC purchased a new stake in Trinity Capital in the fourth quarter worth approximately $2,772,000. Trexquant Investment LP grew its position in Trinity Capital by 421.3% during the fourth quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock valued at $3,266,000 after acquiring an additional 182,414 shares during the last quarter. GraniteShares Advisors LLC purchased a new position in shares of Trinity Capital during the fourth quarter worth approximately $2,469,000. Finally, Van ECK Associates Corp lifted its holdings 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 worth $20,110,000 after acquiring an additional 88,698 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Friday, February 28th. Keefe, Bruyette & Woods boosted their target price on Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Finally, UBS Group decreased their target price on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

Trinity Capital Stock Up 1.0 %

Trinity Capital stock traded up $0.15 on Friday, hitting $14.86. 378,057 shares of the stock traded hands, compared to its average volume of 521,720. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82. The firm has a market cap of $933.67 million, a P/E ratio of 8.69 and a beta of 0.56. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The business's fifty day simple moving average is $15.30 and its 200 day simple moving average is $14.77.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, sell-side analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.73%. The ex-dividend date was Monday, March 31st. Trinity Capital's dividend payout ratio (DPR) is 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.