SMH Capital Advisors Inc. Has $1.91 Million Position in Trinity Capital Inc. (NASDAQ:TRIN)

SMH Capital Advisors Inc. lifted its holdings in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 180.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,882 shares of the company's stock after purchasing an additional 84,801 shares during the period. Trinity Capital accounts for about 4.6% of SMH Capital Advisors Inc.'s investment portfolio, making the stock its 3rd biggest holding. SMH Capital Advisors Inc. owned approximately 0.22% of Trinity Capital worth $1,908,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP grew its holdings in Trinity Capital by 2.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 92,438 shares of the company's stock valued at $1,338,000 after purchasing an additional 1,844 shares during the last quarter. Trexquant Investment LP grew its stake in Trinity Capital by 421.3% in the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock valued at $3,266,000 after buying an additional 182,414 shares during the last quarter. Franklin Resources Inc. raised its holdings in Trinity Capital by 30.5% in the 4th quarter. Franklin Resources Inc. now owns 243,200 shares of the company's stock worth $3,519,000 after acquiring an additional 56,844 shares during the period. LPL Financial LLC lifted its position in Trinity Capital by 24.0% during the 4th quarter. LPL Financial LLC now owns 47,230 shares of the company's stock worth $683,000 after acquiring an additional 9,153 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Trinity Capital by 75.8% during the fourth quarter. Advisors Asset Management Inc. now owns 177,238 shares of the company's stock valued at $2,565,000 after acquiring an additional 76,401 shares during the period. 24.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Wells Fargo & Company increased their price objective on Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, February 28th.

Trinity Capital Stock Performance

Shares of TRIN traded down $0.13 during trading hours on Wednesday, reaching $13.40. 455,408 shares of the company traded hands, compared to its average volume of 515,464. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The stock has a market cap of $841.68 million, a P/E ratio of 7.84 and a beta of 0.56. The stock's fifty day moving average is $15.71 and its 200 day moving average is $14.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current 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, beating the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million during the quarter, compared to analysts' expectations of $64.13 million. Equities research analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 15.23%. Trinity Capital's dividend payout ratio is currently 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.