Canton Hathaway LLC Buys Shares of 27,426 Trinity Capital Inc. (NASDAQ:TRIN)

Canton Hathaway LLC acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 27,426 shares of the company's stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP lifted its position in Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company's stock valued at $50,000 after acquiring an additional 3,380 shares during the period. McIlrath & Eck LLC bought a new position in shares of Trinity Capital during the third quarter valued at approximately $57,000. Trust Co. of Vermont purchased a new position in shares of Trinity Capital during the fourth quarter valued at approximately $101,000. Blue Trust Inc. boosted its position in shares of Trinity Capital by 522.1% in the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company's stock worth $109,000 after purchasing an additional 6,474 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Trinity Capital in the 4th quarter worth approximately $152,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Up 2.1 %

Shares of TRIN traded up $0.34 on Friday, hitting $16.56. 531,594 shares of the stock traded hands, compared to its average volume of 556,472. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $16.82. The company has a market capitalization of $975.48 million, a PE ratio of 9.68 and a beta of 0.56. The business has a 50 day simple moving average of $15.15 and a 200 day simple moving average of $14.42. 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 (NASDAQ:TRIN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $70.83 million during the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. As a group, equities analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.32%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is 99.03%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Friday.

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.