Keel Point LLC Acquires Shares of 12,426 Trinity Capital Inc. (NASDAQ:TRIN)

Keel Point LLC bought a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, Holdings Channel.com reports. The fund bought 12,426 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at about $32,000. Bank of America Corp DE grew its position in shares of Trinity Capital by 259.9% during the 1st quarter. Bank of America Corp DE now owns 2,631 shares of the company’s stock valued at $33,000 after acquiring an additional 1,900 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Trinity Capital by 296.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock valued at $44,000 after acquiring an additional 2,603 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at about $53,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Trinity Capital during the 2nd quarter valued at about $78,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TRIN shares. B. Riley reiterated a “buy” rating and issued a $16.50 price objective (up from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group lifted their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Trinity Capital currently has an average rating of “Moderate Buy” and an average price target of $15.58.

Trinity Capital Trading Up 0.6 %

TRIN opened at $14.16 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. The company’s 50 day simple moving average is $14.52 and its two-hundred day simple moving average is $14.41. Trinity Capital Inc. has a 1-year low of $11.32 and a 1-year high of $15.44. The firm has a market capitalization of $657.59 million, a price-to-earnings ratio of 7.41 and a beta of 0.62.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Trinity Capital had a return on equity of 16.86% and a net margin of 42.28%. The business had revenue of $47.83 million during the quarter, compared to analysts’ expectations of $46.79 million. During the same period last year, the business earned $0.57 earnings per share. Analysts expect that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.41%. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 27th. Trinity Capital’s dividend payout ratio (DPR) is 106.81%.

Insider Activity

In other news, CEO Kyle Steven Brown purchased 3,354 shares of Trinity Capital stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $14.91 per share, with a total value of $50,008.14. Following the transaction, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 7.75% of the company’s stock.

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.