Private Advisor Group LLC Raises Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Private Advisor Group LLC lifted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 26.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,409 shares of the company’s stock after purchasing an additional 3,819 shares during the period. Private Advisor Group LLC’s holdings in Trinity Capital were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRIN. Quantbot Technologies LP grew its holdings in shares of Trinity Capital by 77.0% during the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after buying an additional 17,068 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Trinity Capital by 51.6% during the 1st quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock valued at $475,000 after buying an additional 11,011 shares during the period. Truvestments Capital LLC acquired a new stake in Trinity Capital during the first quarter worth $195,000. Paloma Partners Management Co purchased a new stake in Trinity Capital in the first quarter valued at $150,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Trinity Capital in the 1st quarter valued at $2,022,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th.

Insider Activity

In related news, Director Ronald E. Estes purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of $13.59 per share, for a total transaction of $27,180.00. Following the acquisition, the director now directly owns 25,836 shares in the company, valued at $351,111.24. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Ronald E. Estes acquired 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $13.59 per share, with a total value of $27,180.00. Following the transaction, the director now owns 25,836 shares in the company, valued at approximately $351,111.24. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kyle Steven Brown acquired 7,562 shares of Trinity Capital stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $13.39 per share, for a total transaction of $101,255.18. Following the completion of the acquisition, the chief executive officer now directly owns 964,832 shares in the company, valued at approximately $12,919,100.48. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 35,299 shares of company stock worth $471,608. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Stock Down 0.3 %

NASDAQ:TRIN opened at $13.63 on Friday. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $15.44. The stock’s fifty day moving average is $13.82 and its two-hundred day moving average is $14.30. The stock has a market capitalization of $802.89 million, a price-to-earnings ratio of 7.97 and a beta of 0.55. 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) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. During the same quarter last year, the business earned $0.58 earnings per share. Research analysts anticipate that Trinity Capital Inc. will post 2.09 EPS for the current year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.97%. The ex-dividend date was Monday, September 30th. Trinity Capital’s dividend payout ratio is currently 119.30%.

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.