International Assets Investment Management LLC Invests $35,000 in Trinity Capital Inc. (NASDAQ:TRIN)

International Assets Investment Management LLC acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Confluence Investment Management LLC grew its holdings in shares of Trinity Capital by 1.3% during the second quarter. Confluence Investment Management LLC now owns 57,651 shares of the company’s stock valued at $815,000 after buying an additional 758 shares during the last quarter. Private Advisor Group LLC grew its stake in Trinity Capital by 2.8% during the 4th quarter. Private Advisor Group LLC now owns 34,735 shares of the company’s stock valued at $505,000 after purchasing an additional 933 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Trinity Capital by 9.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 17,464 shares of the company’s stock worth $241,000 after purchasing an additional 1,451 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Trinity Capital during the fourth quarter worth about $45,000. Finally, AWM Capital LLC boosted its position in Trinity Capital by 17.6% in the first quarter. AWM Capital LLC now owns 41,218 shares of the company’s stock valued at $605,000 after buying an additional 6,173 shares during the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Kyle Steven Brown purchased 3,500 shares of Trinity Capital stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the transaction, the chief executive officer now owns 975,298 shares in the company, valued at $13,800,466.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 5,597 shares of company stock valued at $78,913 in the last quarter. 6.38% of the stock is currently owned by company insiders.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $14.02 on Friday. Trinity Capital Inc. has a twelve month low of $13.21 and a twelve month high of $15.44. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. The company has a market cap of $693.70 million, a PE ratio of 8.71 and a beta of 0.55. The company’s 50 day moving average is $14.20 and its 200 day moving average is $14.54.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. The business had revenue of $54.64 million during the quarter, compared to analyst estimates of $53.17 million. During the same quarter in the previous year, the company earned $0.58 EPS. On average, sell-side analysts forecast that Trinity Capital Inc. will post 2.11 EPS for the current year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.55%. Trinity Capital’s payout ratio is currently 126.71%.

Trinity Capital Profile

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.