Tudor Investment Corp ET AL Boosts Stock Holdings in Trinity Capital Inc. $TRIN

Tudor Investment Corp ET AL grew its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 293.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,029 shares of the company’s stock after purchasing an additional 58,952 shares during the period. Tudor Investment Corp ET AL owned approximately 0.10% of Trinity Capital worth $1,223,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Trinity Capital by 14.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock valued at $27,032,000 after buying an additional 225,814 shares in the last quarter. Melia Wealth LLC lifted its position in shares of Trinity Capital by 2.6% during the third quarter. Melia Wealth LLC now owns 1,179,296 shares of the company’s stock worth $18,256,000 after acquiring an additional 30,360 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after acquiring an additional 1,126,709 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after acquiring an additional 448,626 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Trinity Capital by 2.7% in the second quarter. Invesco Ltd. now owns 838,194 shares of the company’s stock worth $11,793,000 after acquiring an additional 21,729 shares during the period. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Stock Performance

Trinity Capital stock opened at $14.29 on Monday. The stock has a market cap of $1.19 billion, a P/E ratio of 7.29 and a beta of 0.55. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $17.20. The firm’s fifty day moving average price is $15.43 and its 200-day moving average price is $15.27.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The company had revenue of $58.89 million for the quarter, compared to the consensus estimate of $79.83 million. Sell-side analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s dividend payout ratio (DPR) is 104.08%.

Wall Street Analysts Forecast Growth

TRIN has been the topic of a number of analyst reports. Capital One Financial set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. Citizens Jmp set a $17.50 target price on Trinity Capital in a research note on Monday, December 8th. Wall Street Zen raised Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday. Noble Financial assumed coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Finally, Citigroup reissued an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trinity Capital currently has an average rating of “Moderate Buy” and a consensus price target of $16.29.

Insider Activity

In related news, CEO Kyle Steven Brown bought 3,532 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $14.16 per share, with a total value of $50,013.12. Following the completion of the purchase, the chief executive officer directly owned 620,709 shares of the company’s stock, valued at $8,789,239.44. This trade represents a 0.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Steve Louis Brown bought 27,109 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $14.75 per share, with a total value of $399,857.75. Following the completion of the transaction, the chairman owned 940,745 shares of the company’s stock, valued at $13,875,988.75. The trade was a 2.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 37,682 shares of company stock valued at $553,902 in the last three months. 5.31% of the stock is owned by insiders.

About Trinity Capital

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.