Commonwealth Equity Services LLC Increases Position in Trinity Capital Inc. (NASDAQ:TRIN)

Commonwealth Equity Services LLC lifted its position in Trinity Capital Inc. (NASDAQ:TRIN) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,600 shares of the company’s stock after acquiring an additional 22,657 shares during the period. Commonwealth Equity Services LLC owned 0.20% of Trinity Capital worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRIN. Cornerstone Wealth Management LLC increased its holdings in shares of Trinity Capital by 5.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company’s stock valued at $349,000 after purchasing an additional 1,302 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Trinity Capital by 11.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company’s stock worth $200,000 after buying an additional 1,423 shares during the period. First Financial Bank Trust Division raised its position in Trinity Capital by 5.0% during the 4th quarter. First Financial Bank Trust Division now owns 38,665 shares of the company’s stock worth $559,000 after buying an additional 1,838 shares during the last quarter. State Street Corp lifted its stake in Trinity Capital by 3.3% during the 3rd quarter. State Street Corp now owns 61,170 shares of the company’s stock valued at $861,000 after acquiring an additional 1,936 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Trinity Capital by 27.2% in the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $15.83 on Friday. The company has a 50 day moving average price of $15.76 and a 200-day moving average price of $14.70. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $16.82. The firm has a market cap of $994.61 million, a price-to-earnings ratio of 9.26 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million during the quarter, compared to the consensus estimate of $64.13 million. Equities research analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date is Monday, March 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 99.03%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, February 28th.

Trinity Capital Company 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.