Cetera Investment Advisers Buys 14,538 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Cetera Investment Advisers increased its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 24.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,059 shares of the company’s stock after buying an additional 14,538 shares during the quarter. Cetera Investment Advisers owned about 0.12% of Trinity Capital worth $1,123,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in shares of Trinity Capital during the first quarter worth $38,000. Aquatic Capital Management LLC bought a new stake in shares of Trinity Capital during the fourth quarter worth $124,000. D.A. Davidson & CO. bought a new stake in shares of Trinity Capital during the first quarter worth $160,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Trinity Capital by 9.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock worth $176,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Trinity Capital during the fourth quarter worth $177,000. 24.62% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Capital

In other Trinity Capital news, Director Richard P. Hamada sold 3,335 shares of Trinity Capital stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the transaction, the director owned 93,735 shares in the company, valued at $1,396,651.50. The trade was a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 2,700 shares of company stock valued at $39,050 in the last 90 days. 6.38% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on TRIN shares. Keefe, Bruyette & Woods decreased their target price on Trinity Capital from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company decreased their target price on Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. UBS Group raised their price target on Trinity Capital from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, B. Riley raised their price target on Trinity Capital from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 7th.

Trinity Capital Trading Down 0.4%

Shares of Trinity Capital stock opened at $15.75 on Tuesday. The firm has a market cap of $1.11 billion, a P/E ratio of 7.06 and a beta of 0.54. Trinity Capital Inc. has a 12 month low of $12.50 and a 12 month high of $16.82. The stock’s fifty day moving average price is $14.64 and its 200-day moving average price is $14.96.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $69.48 million for the quarter, compared to analyst estimates of $68.84 million. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%. Analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 13.0%. The ex-dividend date was Monday, June 30th. Trinity Capital’s payout ratio is 91.48%.

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.