Y Intercept Hong Kong Ltd Acquires 19,125 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Y Intercept Hong Kong Ltd boosted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 151.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,717 shares of the company's stock after buying an additional 19,125 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.05% of Trinity Capital worth $459,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Colonial River Investments LLC acquired a new position in Trinity Capital in the 4th quarter worth $158,000. Union Bancaire Privee UBP SA acquired a new position in Trinity Capital during the 4th quarter worth approximately $162,000. Private Advisor Group LLC raised its holdings in shares of Trinity Capital by 20.4% in the fourth quarter. Private Advisor Group LLC now owns 22,163 shares of the company's stock valued at $321,000 after purchasing an additional 3,754 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Trinity Capital by 83.5% in the fourth quarter. Catalyst Capital Advisors LLC now owns 70,337 shares of the company's stock worth $1,018,000 after purchasing an additional 32,000 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Trinity Capital by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company's stock worth $20,110,000 after purchasing an additional 88,698 shares during the last quarter. Institutional investors own 24.62% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trinity Capital Stock Performance

Shares of TRIN stock traded down $0.12 on Monday, reaching $16.44. The stock had a trading volume of 435,169 shares, compared to its average volume of 553,422. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $16.82. The firm has a market capitalization of $968.41 million, a price-to-earnings ratio of 9.61 and a beta of 0.56. The firm's 50-day moving average is $15.19 and its two-hundred day moving average is $14.44. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. On average, research analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a yield of 12.41%. Trinity Capital's dividend payout ratio (DPR) is 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.