Advisors Asset Management Inc. Has $2.57 Million Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Advisors Asset Management Inc. grew its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 75.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,238 shares of the company's stock after purchasing an additional 76,401 shares during the quarter. Advisors Asset Management Inc. owned about 0.30% of Trinity Capital worth $2,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP increased its holdings in Trinity Capital by 1,053.0% during the third quarter. Quarry LP now owns 3,701 shares of the company's stock worth $50,000 after buying an additional 3,380 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Trinity Capital in the 3rd quarter valued at about $57,000. Trust Co. of Vermont acquired a new position in shares of Trinity Capital during the 4th quarter worth about $101,000. Blue Trust Inc. lifted its stake in Trinity Capital by 27.2% in the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock valued at $133,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Trinity Capital during the fourth quarter worth about $152,000. Institutional investors own 24.62% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised 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 price target on Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Friday, February 28th.

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Trinity Capital Stock Performance

Trinity Capital stock traded down $0.05 during trading hours on Wednesday, hitting $16.11. The company had a trading volume of 475,276 shares, compared to its average volume of 499,304. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $16.82. The firm has a market cap of $1.01 billion, a PE ratio of 9.42 and a beta of 0.54. The firm has a 50-day moving average of $15.68 and a 200 day moving average of $14.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

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

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.51 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.66%. Trinity Capital's payout ratio is presently 99.03%.

Trinity Capital Company 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.