Tudor Investment Corp ET AL bought a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,750 shares of the company's stock, valued at approximately $619,000. Tudor Investment Corp ET AL owned about 0.07% of Trinity Capital at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in Trinity Capital by 21.8% during the 3rd quarter. Franklin Resources Inc. now owns 186,356 shares of the company's stock valued at $2,583,000 after purchasing an additional 33,352 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Trinity Capital by 41.8% during the fourth quarter. Moody National Bank Trust Division now owns 18,332 shares of the company's stock valued at $265,000 after buying an additional 5,401 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Trinity Capital by 10.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 222,351 shares of the company's stock valued at $3,217,000 after acquiring an additional 20,842 shares in the last quarter. Trust Co. of Vermont purchased a new position in Trinity Capital in the 4th quarter worth approximately $101,000. Finally, Cornerstone Wealth Management LLC lifted its position in Trinity Capital by 5.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock valued at $349,000 after acquiring an additional 1,302 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on TRIN shares. UBS Group decreased their price target on Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company reduced their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Monday, April 28th.
View Our Latest Research Report on TRIN
Trinity Capital Stock Performance
Shares of NASDAQ TRIN traded up $0.13 during midday trading on Friday, hitting $14.25. 276,736 shares of the company's stock traded hands, compared to its average volume of 525,060. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $921.32 million, a price-to-earnings ratio of 8.33 and a beta of 0.57. The firm has a fifty day moving average of $14.93 and a 200 day moving average of $14.80. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $65.39 million for the quarter, compared to analysts' expectations of $67.67 million. On average, analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.
Trinity Capital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 14.32%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's dividend payout ratio is 93.15%.
About Trinity Capital
(
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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