Trinity Capital Inc. (NASDAQ:TRIN) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 20.7% in the 4th quarter, HoldingsChannel reports. The fund owned 35,189 shares of the company’s stock after acquiring an additional 6,035 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Trinity Capital were worth $511,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Melia Wealth LLC purchased a new stake in shares of Trinity Capital during the 4th quarter valued at $14,675,000. Soros Fund Management LLC purchased a new stake in shares of Trinity Capital during the 3rd quarter valued at $4,555,000. Ambassador Advisors LLC purchased a new stake in shares of Trinity Capital during the 1st quarter valued at $3,078,000. BlackRock Inc. grew its stake in shares of Trinity Capital by 290.0% during the 3rd quarter. BlackRock Inc. now owns 207,104 shares of the company’s stock valued at $2,595,000 after buying an additional 154,005 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Trinity Capital by 888.1% during the 2nd quarter. Millennium Management LLC now owns 171,143 shares of the company’s stock valued at $2,476,000 after buying an additional 153,823 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRIN shares. UBS Group upped their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. B. Riley reaffirmed a “buy” rating and set a $16.50 price target (up from $16.00) on shares of Trinity Capital in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.58.

Insider Activity

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $50,008.14. Following the completion of the purchase, the chief executive officer now directly owns 821,477 shares of the company’s stock, valued at $12,248,222.07. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.

Trinity Capital Stock Up 0.7 %

Shares of Trinity Capital stock opened at $14.36 on Friday. The business has a 50-day moving average of $14.53 and a 200-day moving average of $14.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $666.88 million, a PE ratio of 7.52 and a beta of 0.62. Trinity Capital Inc. has a 1-year low of $11.32 and a 1-year high of $15.44.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $47.83 million for the quarter, compared to analyst estimates of $46.79 million. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, equities analysts forecast that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid 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 annualized dividend and a dividend yield of 14.21%. Trinity Capital’s dividend payout ratio (DPR) is currently 106.81%.

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.