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

International Assets Investment Management LLC lifted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 1,257.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,925 shares of the company’s stock after buying an additional 31,425 shares during the period. International Assets Investment Management LLC owned approximately 0.07% of Trinity Capital worth $460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in shares of Trinity Capital by 26.2% during the third quarter. Private Advisor Group LLC now owns 18,409 shares of the company’s stock worth $250,000 after purchasing an additional 3,819 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock worth $109,000 after purchasing an additional 6,474 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings 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 during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Trinity Capital during the second quarter worth $386,000. Finally, Millennium Management LLC raised its holdings in shares of Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after purchasing an additional 212,353 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Trading Up 2.2 %

Shares of Trinity Capital stock opened at $13.67 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a fifty day moving average price of $13.83 and a 200 day moving average price of $14.30. Trinity Capital Inc. has a 1 year low of $13.05 and a 1 year high of $15.44. The stock has a market cap of $805.25 million, a PE ratio of 7.99 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last released 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). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $54.64 million during the quarter, compared to analysts’ expectations of $53.17 million. During the same period in the previous year, the firm posted $0.58 EPS. Equities research analysts predict that Trinity Capital Inc. will post 2.09 earnings per share for the current year.

Trinity Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.51 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 14.92%. Trinity Capital’s payout ratio is 119.30%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Trinity Capital

In other news, Director Ronald E. Estes acquired 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was bought at an average price 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 of the company’s stock, valued at approximately $351,111.24. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Trinity Capital news, Director Ronald E. Estes purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $13.59 per share, for a total transaction of $27,180.00. Following the completion of the transaction, the director now owns 25,836 shares of the company’s stock, valued at $351,111.24. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Steve Louis Brown purchased 19,350 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the completion of the transaction, the chairman now directly owns 722,182 shares of the company’s stock, valued at $9,475,027.84. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 35,299 shares of company stock valued at $471,608. Corporate insiders own 6.38% of the company’s stock.

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.