Trinity Capital Inc. (NASDAQ:TRIN) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 3.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,970 shares of the company’s stock after selling 3,265 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Trinity Capital were worth $1,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in Trinity Capital in the 1st quarter valued at about $543,000. Kennedy Capital Management LLC purchased a new position in Trinity Capital in the 1st quarter worth approximately $2,022,000. Emerald Advisers LLC lifted its stake in Trinity Capital by 11.3% in the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after purchasing an additional 82,001 shares in the last quarter. Quantbot Technologies LP lifted its stake in Trinity Capital by 77.0% in the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after purchasing an additional 17,068 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Trinity Capital by 37.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock worth $2,734,000 after purchasing an additional 55,131 shares in the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Steve Louis Brown purchased 19,350 shares of Trinity Capital stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $13.12 per share, with a total value of $253,872.00. Following the transaction, the chairman now owns 722,182 shares in the company, valued at $9,475,027.84. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Steve Louis Brown bought 19,350 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the acquisition, the chairman now owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kyle Steven Brown bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $14.15 per share, with a total value of $49,525.00. Following the acquisition, the chief executive officer now directly owns 975,298 shares in the company, valued at $13,800,466.70. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 35,299 shares of company stock valued at $471,608. 6.38% of the stock is currently owned by company insiders.

Trinity Capital Trading Up 3.3 %

TRIN opened at $14.08 on Friday. The firm has a market capitalization of $829.45 million, a price-to-earnings ratio of 8.23 and a beta of 0.55. 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 company’s 50 day simple moving average is $13.82 and its two-hundred day simple moving average is $14.29. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. During the same period in the previous year, the firm posted $0.58 EPS. Analysts expect that Trinity Capital Inc. will post 2.09 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 14.49%. The ex-dividend date was Monday, September 30th. Trinity Capital’s payout ratio is presently 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company decreased their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

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.