Franklin Resources Inc. Has $3.52 Million Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Franklin Resources Inc. boosted its stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,200 shares of the company's stock after acquiring an additional 56,844 shares during the quarter. Franklin Resources Inc. owned 0.41% of Trinity Capital worth $3,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRIN. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital in the third quarter valued at approximately $57,000. Trust Co. of Vermont bought a new position in Trinity Capital in the fourth quarter valued at $101,000. Blue Trust Inc. increased 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 buying an additional 2,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Trinity Capital during the 4th quarter worth about $152,000. Finally, Colonial River Investments LLC bought a new stake in Trinity Capital during the 4th quarter worth about $158,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRIN. 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 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 research note on Friday, February 28th.

Trinity Capital Stock Performance

TRIN stock traded up $0.20 during trading hours on Thursday, reaching $14.33. The stock had a trading volume of 114,677 shares, compared to its average volume of 520,772. The stock has a 50-day simple moving average of $15.50 and a 200 day simple moving average of $14.74. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $16.82. The stock has a market capitalization of $900.24 million, a PE ratio of 8.39 and a beta of 0.56. 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 posted its quarterly 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 analysts' expectations of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. Analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.24%. The ex-dividend date of this dividend was Monday, March 31st. 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.