Trinity Capital Inc. (NASDAQ:TRIN) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Trinity Capital Inc. (NASDAQ:TRIN) by 1,257.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,925 shares of the company’s stock after acquiring an additional 31,425 shares during the period. International Assets Investment Management LLC’s holdings in Trinity Capital were worth $460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in shares of Trinity Capital by 77.0% in the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after acquiring an additional 17,068 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Trinity Capital by 51.6% in the 1st quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock worth $475,000 after acquiring an additional 11,011 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Trinity Capital in the 1st quarter worth approximately $195,000. Paloma Partners Management Co acquired a new position in shares of Trinity Capital in the 1st quarter worth approximately $150,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Trinity Capital in the 1st quarter worth approximately $2,022,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Kyle Steven Brown acquired 3,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $14.15 per share, with a total value of $49,525.00. Following the transaction, the chief executive officer now owns 975,298 shares in the company, valued at approximately $13,800,466.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Steve Louis Brown bought 19,350 shares of the stock in a transaction dated Monday, November 4th. The stock was acquired at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the acquisition, the chairman now owns 722,182 shares in the company, valued at approximately $9,475,027.84. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kyle Steven Brown bought 3,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $14.15 per share, with a total value of $49,525.00. Following the acquisition, the chief executive officer now owns 975,298 shares in the company, valued at approximately $13,800,466.70. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 35,299 shares of company stock valued at $471,608 in the last ninety days. Company insiders own 6.38% of the company’s stock.

Trinity Capital Price Performance

Shares of TRIN opened at $13.67 on Thursday. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. The firm’s 50 day moving average price is $13.83 and its 200 day moving average price is $14.30. The company has a market cap of $805.25 million, a P/E ratio of 7.99 and a beta of 0.55. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. During the same period in the previous year, the company earned $0.58 earnings per share. On average, research analysts forecast that Trinity Capital Inc. will post 2.09 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.92%. The ex-dividend date was Monday, September 30th. Trinity Capital’s payout ratio is currently 119.30%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

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.