Avior Wealth Management LLC Buys 1,791 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Avior Wealth Management LLC lifted its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 76.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,119 shares of the company’s stock after purchasing an additional 1,791 shares during the period. Avior Wealth Management LLC’s holdings in Trinity Capital were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Trinity Capital in the third quarter worth approximately $1,241,000. Barclays PLC purchased a new position in shares of Trinity Capital in the third quarter worth approximately $1,174,000. Cornerstone Wealth Management LLC purchased a new position in shares of Trinity Capital in the fourth quarter worth approximately $172,000. Commonwealth Equity Services LLC boosted its holdings in shares of Trinity Capital by 16.4% in the third quarter. Commonwealth Equity Services LLC now owns 33,646 shares of the company’s stock worth $468,000 after buying an additional 4,746 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Trinity Capital in the fourth quarter worth approximately $154,000. 24.62% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Capital

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

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $14.36 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. Trinity Capital Inc. has a 1-year low of $11.32 and a 1-year high of $15.44. The company has a market capitalization of $666.88 million, a P/E ratio of 7.52 and a beta of 0.62. The firm’s 50 day simple moving average is $14.53 and its two-hundred day simple moving average is $14.42.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly 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). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The firm had revenue of $47.83 million for the quarter, compared to analysts’ expectations of $46.79 million. During the same period in the prior year, the firm earned $0.57 EPS. 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 announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.21%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s payout ratio is 106.81%.

Wall Street Analysts Forecast Growth

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

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.