Emerald Advisers LLC Increases Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Advisers LLC increased its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 11.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 804,942 shares of the company's stock after acquiring an additional 82,001 shares during the quarter. Emerald Advisers LLC owned about 1.63% of Trinity Capital worth $10,923,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRIN. Van ECK Associates Corp grew its holdings in Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company's stock valued at $17,902,000 after buying an additional 162,905 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Trinity Capital by 33.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 67,157 shares of the company's stock valued at $924,000 after acquiring an additional 16,854 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Trinity Capital by 9.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company's stock valued at $152,000 after purchasing an additional 918 shares during the period. PFG Investments LLC increased its position in Trinity Capital by 12.9% during the third quarter. PFG Investments LLC now owns 12,326 shares of the company's stock worth $167,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Grimes & Company Inc. raised its stake in Trinity Capital by 145.5% during the third quarter. Grimes & Company Inc. now owns 49,221 shares of the company's stock worth $668,000 after purchasing an additional 29,173 shares during the period. Hedge funds and other institutional investors own 24.62% of the company's stock.

Trinity Capital Trading Down 3.1 %

Shares of NASDAQ TRIN traded down $0.43 during mid-day trading on Friday, reaching $13.35. 1,105,093 shares of the company's stock were exchanged, compared to its average volume of 487,404. The company's 50-day moving average is $13.87 and its 200-day moving average is $14.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.05. The firm has a market capitalization of $786.45 million, a price-to-earnings ratio of 7.81 and a beta of 0.55. Trinity Capital Inc. has a 52-week low of $13.27 and a 52-week high of $15.44.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $54.64 million for the quarter, compared to analysts' expectations of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same period last year, the business earned $0.58 EPS. Analysts expect that Trinity Capital Inc. will post 2.09 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 15.28%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital's payout ratio is 119.30%.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown acquired 3,500 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, with a total value of $49,525.00. Following the completion of the purchase, the chief executive officer now owns 975,298 shares of the company's stock, valued at $13,800,466.70. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 5,597 shares of company stock worth $78,913 over the last ninety days. Corporate insiders own 6.38% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th.

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.