10,573 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new position in Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,573 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRIN. Melia Wealth LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth approximately $14,675,000. Soros Fund Management LLC acquired a new stake in shares of Trinity Capital during the third quarter valued at approximately $4,555,000. Ambassador Advisors LLC acquired a new stake in shares of Trinity Capital during the first quarter valued at approximately $3,078,000. BlackRock Inc. raised its holdings in shares of Trinity Capital by 290.0% during the third quarter. BlackRock Inc. now owns 207,104 shares of the company’s stock valued at $2,595,000 after acquiring an additional 154,005 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Trinity Capital by 888.1% during the second quarter. Millennium Management LLC now owns 171,143 shares of the company’s stock valued at $2,476,000 after acquiring an additional 153,823 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Insider Activity at Trinity Capital

In related news, CEO Kyle Steven Brown acquired 3,354 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the transaction, the chief executive officer now owns 821,477 shares of the company’s stock, valued at approximately $12,248,222.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and set a $16.50 price target (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group boosted their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trinity Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.58.

Trinity Capital Stock Performance

Shares of TRIN opened at $14.07 on Wednesday. The company’s 50 day moving average price is $14.51 and its 200 day moving average price is $14.41. Trinity Capital Inc. has a 52 week low of $11.32 and a 52 week high of $15.44. The company has a market capitalization of $653.41 million, a PE ratio of 7.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The company had revenue of $47.83 million for the quarter, compared to analysts’ expectations of $46.79 million. During the same period in the previous year, the firm posted $0.57 earnings per share. Research analysts expect that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a yield of 14.50%. Trinity Capital’s payout ratio is presently 106.81%.

Trinity Capital 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.