Trinity Capital Inc. (NASDAQ:TRIN) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,852 shares of the company’s stock after purchasing an additional 1,423 shares during the period. Oppenheimer & Co. Inc.’s holdings in Trinity Capital were worth $200,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its holdings in Trinity Capital by 151.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,717 shares of the company’s stock valued at $459,000 after acquiring an additional 19,125 shares in the last quarter. State Street Corp increased its holdings 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 in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Trinity Capital by 31.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock valued at $1,261,000 after acquiring an additional 21,154 shares in the last quarter. Round Rock Advisors LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $2,772,000. Finally, GraniteShares Advisors LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $2,469,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Price Performance

TRIN opened at $16.13 on Monday. The company’s 50 day simple moving average is $15.32 and its 200 day simple moving average is $14.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 1 year low of $13.05 and a 1 year high of $16.82. The stock has a market capitalization of $1.01 billion, a PE ratio of 9.43 and a beta of 0.54.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $64.13 million. As a group, sell-side analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 12.65%. Trinity Capital’s dividend payout ratio is presently 99.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRIN shares. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods lifted their price target 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.

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.