Texas Capital Bank Wealth Management Services Inc Takes $624,000 Position in Trinity Capital Inc. (NASDAQ:TRIN)

Texas Capital Bank Wealth Management Services Inc acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 43,129 shares of the company's stock, valued at approximately $624,000. Texas Capital Bank Wealth Management Services Inc owned approximately 0.07% of Trinity Capital as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Trinity Capital by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after buying an additional 88,698 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Trinity Capital by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 423,341 shares of the company's stock worth $5,745,000 after buying an additional 4,778 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Trinity Capital by 652.3% during the fourth quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after buying an additional 211,060 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Trinity Capital by 30.5% during the 4th quarter. Franklin Resources Inc. now owns 243,200 shares of the company's stock valued at $3,519,000 after acquiring an additional 56,844 shares during the last quarter. Finally, Faithward Advisors LLC lifted its holdings in Trinity Capital by 2.9% in the fourth quarter. Faithward Advisors LLC now owns 242,140 shares of the company's stock valued at $3,504,000 after acquiring an additional 6,857 shares during the period. Hedge funds and other institutional investors own 24.62% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TRIN shares. Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price 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.

Trinity Capital Price Performance

NASDAQ TRIN traded down $0.09 during trading hours on Wednesday, hitting $14.30. 160,040 shares of the company's stock traded hands, compared to its average volume of 521,469. 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's 50-day moving average is $15.54 and its 200-day moving average is $14.74. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82. The company has a market capitalization of $898.48 million, a PE ratio of 8.36 and a beta of 0.56.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $70.83 million during the quarter, compared to analysts' expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. Equities analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 31st. This represents a $2.04 annualized dividend and a yield of 14.27%. Trinity Capital's payout ratio is currently 99.03%.

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.