Trinity Capital Inc. (NASDAQ:TRIN) Stock Holdings Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,825 shares of the company’s stock after selling 8,000 shares during the quarter. Alliancebernstein L.P.’s holdings in Trinity Capital were worth $2,038,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at approximately $57,000. Trust Co. of Vermont bought a new stake in Trinity Capital during the fourth quarter valued at $101,000. Blue Trust Inc. raised its holdings in shares of Trinity Capital by 27.2% during the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock worth $133,000 after purchasing an additional 2,100 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Trinity Capital during the fourth quarter worth $152,000. Finally, Colonial River Investments LLC bought a new position in shares of Trinity Capital in the 4th quarter worth about $158,000. Institutional investors own 24.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased their price target on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th.

Trinity Capital Stock Down 1.8 %

TRIN stock opened at $14.13 on Thursday. The stock has a market cap of $887.80 million, a PE ratio of 8.26 and a beta of 0.56. The firm’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $14.74. Trinity Capital Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $16.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. As a group, sell-side analysts predict that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.44%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital’s payout ratio is currently 99.03%.

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.