MQS Management LLC Acquires Shares of 10,773 Trinity Capital Inc. (NASDAQ:TRIN)

MQS Management LLC purchased a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,773 shares of the company’s stock, valued at approximately $152,000.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Trinity Capital by 24.9% in the second quarter. Van ECK Associates Corp now owns 1,138,185 shares of the company’s stock worth $16,093,000 after purchasing an additional 226,919 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in Trinity Capital during the first quarter worth about $2,022,000. Legacy Capital Wealth Partners LLC bought a new stake in Trinity Capital in the second quarter worth about $1,446,000. Confluence Investment Management LLC purchased a new position in Trinity Capital in the first quarter valued at about $835,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Trinity Capital by 127.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 68,021 shares of the company’s stock valued at $999,000 after acquiring an additional 38,172 shares during the period. 24.62% of the stock is owned by institutional investors.

Insider Transactions at Trinity Capital

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

Trinity Capital Stock Performance

Shares of TRIN stock opened at $14.12 on Friday. Trinity Capital Inc. has a 12-month low of $13.21 and a 12-month high of $15.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $14.15 and a 200-day moving average of $14.51. The firm has a market cap of $753.58 million, a P/E ratio of 8.77 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $54.64 million during the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Sell-side analysts anticipate that Trinity Capital Inc. will post 2.08 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 14.45%. Trinity Capital’s dividend payout ratio is presently 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.