Trinity Capital Inc. (NASDAQ:TRIN) Stock Position Lifted by AWM Capital LLC

AWM Capital LLC increased its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 17.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 41,218 shares of the company’s stock after acquiring an additional 6,173 shares during the period. AWM Capital LLC’s holdings in Trinity Capital were worth $605,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tucker Asset Management LLC bought a new position in shares of Trinity Capital during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC increased its position in shares of Trinity Capital by 3,460.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock valued at $52,000 after acquiring an additional 3,460 shares during the last quarter. Avior Wealth Management LLC increased its position in Trinity Capital by 76.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after buying an additional 1,791 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in Trinity Capital during the fourth quarter worth approximately $107,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Trinity Capital in the fourth quarter valued at approximately $154,000. Institutional investors own 24.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRIN shares. UBS Group boosted their price target on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th. B. Riley decreased their price objective on Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Trinity Capital Stock Performance

Shares of TRIN stock traded up $0.06 during trading hours on Wednesday, hitting $14.32. 194,776 shares of the company were exchanged, compared to its average volume of 476,780. The firm has a fifty day simple moving average of $14.82 and a 200 day simple moving average of $14.62. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08. Trinity Capital Inc. has a 52-week low of $13.21 and a 52-week high of $15.44. The stock has a market capitalization of $708.55 million, a price-to-earnings ratio of 8.91 and a beta of 0.56.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Trinity Capital had a net margin of 36.12% and a return on equity of 16.73%. The firm had revenue of $50.45 million during the quarter, compared to the consensus estimate of $50.09 million. During the same period in the previous year, the business earned $0.52 earnings per share. Research analysts predict that Trinity Capital Inc. will post 2.14 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 14.25%. The ex-dividend date of this dividend is Friday, June 28th. Trinity Capital’s dividend payout ratio is currently 126.71%.

Trinity Capital Company 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.