Trinity Capital Inc. (NASDAQ:TRIN) Short Interest Update

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,370,000 shares, a growth of 26.9% from the March 15th total of 1,080,000 shares. Currently, 2.3% of the company's shares are sold short. Based on an average daily volume of 605,400 shares, the short-interest ratio is currently 2.3 days.

Trinity Capital Stock Up 1.3 %

Shares of Trinity Capital stock opened at $14.32 on Friday. Trinity Capital has a 1 year low of $12.50 and a 1 year high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $899.74 million, a P/E ratio of 8.37 and a beta of 0.56. The business has a 50-day moving average of $15.44 and a two-hundred day moving average of $14.76.

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 for the quarter, beating analysts' consensus estimates 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, equities analysts predict that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.25%. Trinity Capital's dividend payout ratio (DPR) is 99.03%.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in shares of Trinity Capital in the first quarter valued at approximately $38,000. McIlrath & Eck LLC acquired a new position in shares of Trinity Capital during the 3rd quarter worth about $57,000. Trust Co. of Vermont bought a new position in shares of Trinity Capital in the 4th quarter valued at about $101,000. Aquatic Capital Management LLC bought a new stake in Trinity Capital during the fourth quarter worth about $124,000. Finally, Blue Trust Inc. boosted its position in Trinity Capital by 27.2% during the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock valued at $133,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRIN. Wells Fargo & Company raised their target price on Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Friday, February 28th. UBS Group reduced their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Thursday. Finally, 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.