Tower Research Capital LLC TRC Has $52,000 Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Tower Research Capital LLC TRC raised its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 3,460.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560 shares of the company’s stock after acquiring an additional 3,460 shares during the period. Tower Research Capital LLC TRC’s holdings in Trinity Capital were worth $52,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIN. SG Americas Securities LLC bought a new position in shares of Trinity Capital in the 3rd quarter valued at $363,000. Commonwealth Equity Services LLC increased its stake in shares of Trinity Capital by 16.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 33,646 shares of the company’s stock valued at $468,000 after purchasing an additional 4,746 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Trinity Capital by 122.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,154 shares of the company’s stock valued at $406,000 after purchasing an additional 16,026 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Trinity Capital by 8.8% in the 3rd quarter. Emerald Advisers LLC now owns 755,562 shares of the company’s stock valued at $10,517,000 after purchasing an additional 60,890 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Trinity Capital by 53.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 116,158 shares of the company’s stock valued at $1,617,000 after purchasing an additional 40,383 shares during the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown purchased 3,354 shares of Trinity Capital stock in a transaction 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 transaction, the chief executive officer now owns 821,477 shares of the company’s stock, valued at approximately $12,248,222.07. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $16.50 price target (up previously from $16.00) on shares of Trinity Capital in a research note on Thursday, March 7th. UBS Group lifted 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.58.

Trinity Capital Price Performance

TRIN stock traded down $0.09 during midday trading on Tuesday, reaching $15.17. 334,026 shares of the stock were exchanged, compared to its average volume of 510,355. The stock has a market capitalization of $704.49 million, a PE ratio of 7.94 and a beta of 0.62. Trinity Capital Inc. has a 52 week low of $11.32 and a 52 week 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. The company has a fifty day moving average price of $14.63 and a 200 day moving average price of $14.49.

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

Trinity Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.04 dividend on an annualized basis and a yield of 13.45%. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s 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.