Raymond James Financial Inc. Takes Position in Trinity Capital Inc. (NASDAQ:TRIN)

Raymond James Financial Inc. acquired a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,896 shares of the company's stock, valued at approximately $708,000. Raymond James Financial Inc. owned approximately 0.08% of Trinity Capital as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRIN. Round Rock Advisors LLC bought a new position in Trinity Capital during the 4th quarter worth about $2,772,000. GraniteShares Advisors LLC acquired a new stake in Trinity Capital in the 4th quarter valued at approximately $2,469,000. Van ECK Associates Corp lifted its stake in Trinity Capital by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock valued at $20,110,000 after acquiring an additional 88,698 shares in the last quarter. XTX Topco Ltd acquired a new position in Trinity Capital during the 3rd quarter worth approximately $532,000. Finally, Franklin Resources Inc. grew its stake in shares of Trinity Capital by 21.8% during the 3rd quarter. Franklin Resources Inc. now owns 186,356 shares of the company's stock worth $2,583,000 after acquiring an additional 33,352 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Down 2.5 %

Shares of NASDAQ:TRIN traded down $0.36 during midday trading on Thursday, hitting $13.81. The stock had a trading volume of 733,079 shares, compared to its average volume of 521,503. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The business's 50-day simple moving average is $15.64 and its 200-day simple moving average is $14.74. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82. The company has a market cap of $867.70 million, a P/E ratio of 8.08 and a beta of 0.56.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its 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 company had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, sell-side analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 14.77%. The ex-dividend date of this dividend is Monday, March 31st. Trinity Capital's dividend payout ratio (DPR) is 99.03%.

Analyst Upgrades and Downgrades

TRIN has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, February 28th.

Trinity Capital 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.