23,741 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,741 shares of the company's stock, valued at approximately $344,000.

Several other large investors have also made changes to their positions in TRIN. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at about $57,000. Trust Co. of Vermont bought a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $101,000. Blue Trust Inc. raised 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 worth $133,000 after buying an additional 2,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital in the 4th quarter valued at $152,000. Finally, Colonial River Investments LLC bought a new stake in Trinity Capital in the fourth quarter valued at $158,000. Institutional investors and hedge funds own 24.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods upped their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Finally, UBS Group dropped their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating for the company in a report on Thursday.

Trinity Capital Stock Up 1.3 %

Shares of NASDAQ TRIN opened at $14.32 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $899.74 million, a price-to-earnings ratio of 8.37 and a beta of 0.56. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The firm's 50-day simple moving average is $15.47 and its 200 day simple moving average is $14.74.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating 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. On average, research analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.25%. Trinity Capital's payout ratio is currently 99.03%.

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.

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