Trinity Capital Inc. (NASDAQ:TRIN) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,409 shares of the company’s stock after buying an additional 3,819 shares during the quarter. Private Advisor Group LLC’s holdings in Trinity Capital were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRIN. Blue Trust Inc. lifted its position in Trinity Capital by 522.1% in the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Trinity Capital by 9.5% during the third quarter. Cornerstone Wealth Management LLC now owns 22,798 shares of the company’s stock worth $309,000 after purchasing an additional 1,983 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Trinity Capital in the 2nd quarter valued at about $386,000. Millennium Management LLC boosted its position in shares of Trinity Capital by 527.8% in the 2nd quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock valued at $3,572,000 after purchasing an additional 212,353 shares during the period. Finally, SMH Capital Advisors Inc. purchased a new position in Trinity Capital during the 2nd quarter worth approximately $352,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $13.63 on Friday. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $15.44. The stock has a market capitalization of $802.89 million, a price-to-earnings ratio of 7.97 and a beta of 0.55. The company has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $14.30. 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) last posted 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). The company had revenue of $54.64 million for the quarter, compared to analyst estimates of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same period in the previous year, the business posted $0.58 earnings per share. On average, analysts predict that Trinity Capital Inc. will post 2.09 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.97%. Trinity Capital’s dividend payout ratio is currently 119.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price objective on Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown purchased 7,562 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $13.39 per share, for a total transaction of $101,255.18. Following the completion of the purchase, the chief executive officer now directly owns 964,832 shares in the company, valued at $12,919,100.48. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $13.59 per share, with a total value of $27,180.00. Following the completion of the acquisition, the director now owns 25,836 shares in the company, valued at approximately $351,111.24. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kyle Steven Brown acquired 7,562 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $13.39 per share, with a total value of $101,255.18. Following the completion of the purchase, the chief executive officer now directly owns 964,832 shares in the company, valued at $12,919,100.48. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 35,299 shares of company stock worth $471,608. 6.38% of the stock is owned by insiders.

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.