Trinity Capital Inc. (NASDAQ:TRIN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,825 shares of the company’s stock after selling 8,000 shares during the period. Alliancebernstein L.P. owned about 0.24% of Trinity Capital worth $2,038,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its stake in shares of Trinity Capital by 24.0% during the 4th quarter. LPL Financial LLC now owns 47,230 shares of the company’s stock worth $683,000 after purchasing an additional 9,153 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Trinity Capital by 75.8% in the fourth quarter. Advisors Asset Management Inc. now owns 177,238 shares of the company’s stock worth $2,565,000 after acquiring an additional 76,401 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in Trinity Capital in the fourth quarter valued at approximately $158,000. Corient Private Wealth LLC increased its position in Trinity Capital by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,101 shares of the company’s stock worth $1,159,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Trinity Capital by 24.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 116,600 shares of the company’s stock worth $1,687,000 after purchasing an additional 22,657 shares during the period. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Performance

Shares of TRIN stock opened at $14.13 on Thursday. The company’s fifty day moving average price is $15.50 and its two-hundred day moving average price is $14.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $887.80 million, a P/E ratio of 8.26 and a beta of 0.56. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $64.13 million. On average, research analysts anticipate that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.44%. Trinity Capital’s dividend payout ratio (DPR) is presently 99.03%.

Analysts Set New Price Targets

Several research analysts recently commented on TRIN shares. Wells Fargo & Company raised their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their price target on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th.

About Trinity Capital

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.