Cubist Systematic Strategies LLC Acquires New Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Cubist Systematic Strategies LLC acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,278 shares of the company’s stock, valued at approximately $386,000. Cubist Systematic Strategies LLC owned 0.05% of Trinity Capital at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Confluence Investment Management LLC increased its holdings in Trinity Capital by 1.3% in the 2nd quarter. Confluence Investment Management LLC now owns 57,651 shares of the company’s stock worth $815,000 after acquiring an additional 758 shares during the last quarter. Chicago Partners Investment Group LLC raised its position 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 valued at $241,000 after purchasing an additional 1,451 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital in the second quarter valued at approximately $35,000. Tucker Asset Management LLC purchased a new stake in shares of Trinity Capital during the 4th quarter valued at approximately $45,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Trinity Capital by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,436 shares of the company’s stock worth $1,010,000 after buying an additional 3,415 shares during the period. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Kyle Steven Brown purchased 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were purchased 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 directly owns 975,298 shares of the company’s stock, valued at approximately $13,800,466.70. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 5,597 shares of company stock worth $78,913 in the last ninety days. 6.38% of the stock is currently owned by insiders.

Trinity Capital Stock Down 0.6 %

Trinity Capital stock opened at $13.81 on Monday. The firm has a market capitalization of $683.30 million, a price-to-earnings ratio of 8.58 and a beta of 0.55. The firm has a 50 day simple moving average of $14.01 and a 200 day simple moving average of $14.39. Trinity Capital Inc. has a 1-year low of $13.21 and a 1-year 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.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) 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 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 posted $0.58 earnings per share. On average, analysts predict that Trinity Capital Inc. will post 2.08 earnings per share for the current year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.04 annualized dividend and a dividend yield of 14.77%. Trinity Capital’s payout ratio is currently 126.71%.

About Trinity Capital

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.