Marshall Wace LLP Has $2.90 Million Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Marshall Wace LLP cut its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,326 shares of the company's stock after selling 137,133 shares during the quarter. Marshall Wace LLP owned approximately 0.34% of Trinity Capital worth $2,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in Trinity Capital by 9.2% in the fourth quarter. Guggenheim Capital LLC now owns 30,027 shares of the company's stock valued at $434,000 after buying an additional 2,541 shares in the last quarter. Mariner LLC bought a new position in shares of Trinity Capital in the 4th quarter valued at $177,000. Melia Wealth LLC boosted its holdings in shares of Trinity Capital by 3.0% during the 4th quarter. Melia Wealth LLC now owns 1,096,969 shares of the company's stock valued at $15,873,000 after acquiring an additional 32,107 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Trinity Capital by 9.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 843,849 shares of the company's stock worth $12,211,000 after acquiring an additional 71,633 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in Trinity Capital in the 4th quarter worth about $624,000. Institutional investors own 24.62% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on TRIN shares. UBS Group reduced their price target on Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target 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

Trinity Capital stock opened at $14.86 on Friday. The stock's 50 day moving average is $15.30 and its 200 day moving average is $14.78. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82. The firm has a market cap of $933.67 million, a P/E ratio of 8.69 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 issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $70.83 million for the quarter, compared to the consensus estimate of $64.13 million. As a group, research analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.51 per share. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 13.73%. 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.

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