Beacon Pointe Advisors LLC Makes New Investment in Trinity Capital Inc. $TRIN

Beacon Pointe Advisors LLC bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,400 shares of the company’s stock, valued at approximately $737,000. Beacon Pointe Advisors LLC owned 0.07% of Trinity Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of TRIN. First Horizon Advisors Inc. bought a new stake in shares of Trinity Capital during the 2nd quarter valued at about $32,000. PNC Financial Services Group Inc. acquired a new position in Trinity Capital in the first quarter valued at approximately $45,000. Allworth Financial LP acquired a new position in Trinity Capital in the second quarter valued at approximately $53,000. JPMorgan Chase & Co. bought a new position in shares of Trinity Capital during the second quarter valued at approximately $54,000. Finally, Quarry LP grew its holdings in shares of Trinity Capital by 194.8% during the first quarter. Quarry LP now owns 4,442 shares of the company’s stock valued at $67,000 after purchasing an additional 2,935 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Insider Transactions at Trinity Capital

In related news, Director Ronald E. Estes purchased 2,000 shares of Trinity Capital stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $14.44 per share, with a total value of $28,880.00. Following the purchase, the director owned 38,779 shares in the company, valued at approximately $559,968.76. The trade was a 5.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Steve Louis Brown acquired 2,137 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $14.52 per share, for a total transaction of $31,029.24. Following the purchase, the chairman directly owned 820,603 shares of the company’s stock, valued at approximately $11,915,155.56. This trade represents a 0.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 22,657 shares of company stock valued at $333,779. Company insiders own 6.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group cut their price target on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.50 target price (up from $13.00) on shares of Trinity Capital in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.63.

Trinity Capital Stock Performance

Shares of TRIN stock opened at $14.92 on Monday. Trinity Capital Inc. has a 1 year low of $12.50 and a 1 year high of $16.82. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.81 and a beta of 0.53. The stock has a fifty day moving average of $14.85 and a two-hundred day moving average of $15.05.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. Equities research analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, 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 13.7%. The ex-dividend date was Tuesday, September 30th. Trinity Capital’s payout ratio is 93.15%.

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.