Commonwealth Equity Services LLC Purchases 22,657 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Commonwealth Equity Services LLC boosted its position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 24.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,600 shares of the company's stock after acquiring an additional 22,657 shares during the period. Commonwealth Equity Services LLC owned approximately 0.20% of Trinity Capital worth $1,687,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of 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 in the last quarter. McIlrath & Eck LLC acquired a new stake in Trinity Capital during the third quarter valued at approximately $57,000. Trust Co. of Vermont acquired a new stake in Trinity Capital during the fourth quarter valued at approximately $101,000. Blue Trust Inc. grew its stake 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 valued at $133,000 after purchasing an additional 2,100 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Trinity Capital in the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 24.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TRIN shares. Keefe, Bruyette & Woods upped their price target 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 upped 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.

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Trinity Capital Price Performance

NASDAQ TRIN traded up $0.01 during trading hours on Wednesday, reaching $15.52. 452,434 shares of the company's stock were exchanged, compared to its average volume of 501,857. The firm has a fifty day moving average of $15.80 and a 200-day moving average of $14.74. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $16.82. The stock has a market cap of $975.14 million, a PE ratio of 9.08 and a beta of 0.54. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.

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 (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 13.14%. Trinity Capital's payout ratio is 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.