Hennion & Walsh Asset Management Inc. Raises Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Hennion & Walsh Asset Management Inc. raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 37.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,509 shares of the company's stock after buying an additional 55,131 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.41% of Trinity Capital worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRIN. AWM Capital LLC lifted its stake in shares of Trinity Capital by 17.6% in the first quarter. AWM Capital LLC now owns 41,218 shares of the company's stock valued at $605,000 after buying an additional 6,173 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Trinity Capital by 127.9% in the first quarter. Commonwealth Equity Services LLC now owns 68,021 shares of the company's stock valued at $999,000 after buying an additional 38,172 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Trinity Capital by 14.5% during the first quarter. Van ECK Associates Corp now owns 911,266 shares of the company's stock valued at $13,377,000 after purchasing an additional 115,134 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Trinity Capital by 77.0% during the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company's stock valued at $576,000 after purchasing an additional 17,068 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Trinity Capital by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company's stock valued at $475,000 after purchasing an additional 11,011 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Stock Down 0.4 %

Shares of TRIN traded down $0.06 during trading hours on Friday, reaching $13.66. 494,515 shares of the stock traded hands, compared to its average volume of 485,751. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $13.94 and a 200 day simple moving average of $14.35. Trinity Capital Inc. has a 52 week low of $13.27 and a 52 week high of $15.44. The company has a market cap of $675.88 million, a price-to-earnings ratio of 8.49 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.02). Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. The firm had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same period in the previous year, the business earned $0.58 earnings per share. On average, equities analysts forecast that Trinity Capital Inc. will post 2.08 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 14.93%. Trinity Capital's dividend payout ratio (DPR) is presently 126.71%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown acquired 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the acquisition, the chief executive officer now owns 975,298 shares of the company's stock, valued at approximately $13,800,466.70. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 5,597 shares of company stock worth $78,913. Insiders own 6.38% of the company's stock.

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.