Trexquant Investment LP raised its position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 421.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,710 shares of the company's stock after purchasing an additional 182,414 shares during the quarter. Trexquant Investment LP owned 0.38% of Trinity Capital worth $3,266,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in TRIN. Commonwealth Equity Services LLC grew its stake in shares of Trinity Capital by 24.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 116,600 shares of the company's stock valued at $1,687,000 after buying an additional 22,657 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in Trinity Capital by 151.9% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 31,717 shares of the company's stock worth $459,000 after purchasing an additional 19,125 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Trinity Capital during the fourth quarter worth $708,000. State Street Corp boosted its stake in shares of Trinity Capital by 3.3% during the third quarter. State Street Corp now owns 61,170 shares of the company's stock valued at $861,000 after purchasing an additional 1,936 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Trinity Capital by 31.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company's stock worth $1,261,000 after purchasing an additional 21,154 shares during the last quarter. Institutional investors own 24.62% of the company's stock.
Trinity Capital Stock Down 1.8 %
Shares of TRIN traded down $0.25 during midday trading on Friday, reaching $13.56. 797,040 shares of the stock were exchanged, compared to its average volume of 523,443. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The company's 50 day moving average is $15.60 and its two-hundred day moving average is $14.74. The company has a market capitalization of $851.99 million, a P/E ratio of 7.93 and a beta of 0.56. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82.
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, topping the consensus estimate of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The company had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million. On average, sell-side analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current year.
Trinity Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 15.04%. The ex-dividend date of this dividend is Monday, March 31st. Trinity Capital's payout ratio is 99.03%.
Analysts Set New Price Targets
A number of brokerages recently weighed in on TRIN. Wells Fargo & Company lifted their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Friday, February 28th. Keefe, Bruyette & Woods lifted 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 note on Thursday, February 27th.
Check Out Our Latest Research Report on TRIN
Trinity Capital Profile
(
Free Report)
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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