10,573 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,573 shares of the company’s stock, valued at approximately $154,000.

Other large investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. purchased a new position in Trinity Capital in the fourth quarter valued at about $157,000. International Assets Investment Management LLC purchased a new position in Trinity Capital in the fourth quarter valued at about $528,000. Raymond James Financial Services Advisors Inc. increased its holdings in Trinity Capital by 20.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,189 shares of the company’s stock valued at $511,000 after buying an additional 6,035 shares in the last quarter. SG Americas Securities LLC increased its holdings in Trinity Capital by 62.0% in the fourth quarter. SG Americas Securities LLC now owns 42,284 shares of the company’s stock valued at $614,000 after buying an additional 16,190 shares in the last quarter. Finally, Melia Wealth LLC purchased a new position in Trinity Capital in the fourth quarter valued at about $14,675,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Kyle Steven Brown bought 3,354 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the completion of the transaction, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $16.50 target price (up from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group increased their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.58.

Trinity Capital Stock Up 0.3 %

TRIN stock opened at $14.07 on Wednesday. The company’s 50 day simple moving average is $14.51 and its 200-day simple moving average is $14.41. The firm has a market capitalization of $653.41 million, a PE ratio of 7.37 and a beta of 0.62. Trinity Capital Inc. has a 12 month low of $11.32 and a 12 month high of $15.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06.

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

Trinity Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 14.50%. Trinity Capital’s dividend payout ratio is currently 106.81%.

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.