Round Rock Advisors LLC Purchases New Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Round Rock Advisors LLC bought a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 191,588 shares of the company’s stock, valued at approximately $2,772,000. Round Rock Advisors LLC owned 0.33% of Trinity Capital at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRIN. Millennium Management LLC lifted its stake in Trinity Capital by 527.8% in the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock valued at $3,572,000 after buying an additional 212,353 shares during the period. Van ECK Associates Corp raised its position in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after acquiring an additional 162,905 shares during the period. Emerald Advisers LLC boosted its stake in Trinity Capital by 11.3% during the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Trinity Capital by 37.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after purchasing an additional 55,131 shares during the period. Finally, XTX Topco Ltd bought a new stake in Trinity Capital in the third quarter valued at approximately $532,000. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Trading Up 1.6 %

NASDAQ:TRIN opened at $15.30 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The business’s 50-day simple moving average is $14.58 and its 200-day simple moving average is $14.21. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.38. The stock has a market capitalization of $901.32 million, a PE ratio of 8.95 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $61.77 million for the quarter, compared to analyst estimates of $55.82 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Sell-side analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s payout ratio is presently 119.30%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reissued an “underweight” rating and set a $13.00 price target on shares of Trinity Capital in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other news, Chairman Steve Louis Brown purchased 19,350 shares of Trinity Capital stock in a transaction on Monday, November 4th. The stock was purchased at an average price of $13.12 per share, with a total value of $253,872.00. Following the transaction, the chairman now directly owns 722,182 shares in the company, valued at $9,475,027.84. The trade was a 2.75 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.38% of the company’s stock.

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.