Prevail Innovative Wealth Advisors LLC Acquires New Shares in Trinity Capital Inc. $TRIN

Prevail Innovative Wealth Advisors LLC bought a new position in Trinity Capital Inc. (NASDAQ:TRIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 126,564 shares of the company’s stock, valued at approximately $1,959,000. Prevail Innovative Wealth Advisors LLC owned 0.17% of Trinity Capital at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mutual Advisors LLC acquired a new stake in shares of Trinity Capital in the 3rd quarter worth about $1,421,000. AWM Capital LLC boosted its stake in Trinity Capital by 174.2% during the 3rd quarter. AWM Capital LLC now owns 177,090 shares of the company’s stock valued at $2,741,000 after purchasing an additional 112,507 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Trinity Capital during the 2nd quarter valued at about $737,000. Allworth Financial LP bought a new position in Trinity Capital in the 2nd quarter worth about $53,000. Finally, Quantbot Technologies LP increased its stake in shares of Trinity Capital by 322.3% in the second quarter. Quantbot Technologies LP now owns 155,851 shares of the company’s stock valued at $2,193,000 after purchasing an additional 118,942 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Loop Capital set a $17.00 price objective on Trinity Capital in a research report on Thursday, December 11th. Clear Str upgraded Trinity Capital to a “strong-buy” rating in a research report on Wednesday, February 4th. Capital One Financial set a $17.00 target price on Trinity Capital in a research note on Thursday, December 11th. Citizens Jmp set a $17.50 price target on Trinity Capital in a research note on Monday, December 8th. Finally, Citigroup reissued an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.29.

Insider Transactions at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown purchased 3,333 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $14.90 per share, for a total transaction of $49,661.70. Following the completion of the transaction, the chief executive officer owned 376,775 shares in the company, valued at $5,613,947.50. The trade was a 0.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 5,033 shares of company stock worth $75,263 over the last quarter. 5.31% of the stock is owned by insiders.

Trinity Capital Price Performance

TRIN opened at $14.91 on Friday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.61 and a beta of 0.55. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $17.20. The business has a 50 day moving average price of $15.72 and a two-hundred day moving average price of $15.43.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $58.89 million during the quarter, compared to analyst estimates of $79.83 million. Equities analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s payout ratio is presently 104.08%.

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.