Melia Wealth LLC Has $15.87 Million Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Melia Wealth LLC grew its position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,096,969 shares of the company's stock after purchasing an additional 32,107 shares during the quarter. Trinity Capital makes up approximately 8.3% of Melia Wealth LLC's portfolio, making the stock its 4th largest holding. Melia Wealth LLC owned 1.86% of Trinity Capital worth $15,873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp lifted its position in shares of Trinity Capital by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 423,341 shares of the company's stock worth $5,745,000 after purchasing an additional 4,778 shares during the last quarter. State Street Corp increased its position in Trinity Capital by 3.3% in the 3rd quarter. State Street Corp now owns 61,170 shares of the company's stock worth $861,000 after buying an additional 1,936 shares during the period. XTX Topco Ltd acquired a new position in shares of Trinity Capital during the third quarter worth approximately $532,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Trinity Capital in the third quarter valued at approximately $171,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital in the third quarter worth $57,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN traded up $0.21 during trading hours on Thursday, reaching $14.34. The stock had a trading volume of 201,876 shares, compared to its average volume of 521,105. The company has a market cap of $901.06 million, a price-to-earnings ratio of 8.40 and a beta of 0.56. Trinity Capital Inc. has a twelve month low of $12.50 and a twelve month high of $16.82. The business's fifty day moving average is $15.50 and its two-hundred day moving average is $14.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. As a group, research analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.22%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital's payout ratio is 99.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their target price 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. Wells Fargo & Company increased their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Friday, February 28th.

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.