Emerald Advisers Increases Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Advisers LLC has increased its stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 11.3% during the third quarter, as shown in its most recent 13F filing with the Securities and Exchange Commission. After purchasing an additional 82,001 shares, Emerald Advisers LLC now owns a total of 804,942 shares of Trinity Capital's stock. This represents approximately 1.63% of the total shares, valued at $10,923,000 as of the latest reporting period.

A variety of other institutional investors have also made changes to their investments in Trinity Capital. For instance, International Assets Investment Management LLC entered a new position during the second quarter worth $35,000. Blue Trust Inc. significantly increased its ownership by 522.1% during the third quarter, owning 7,714 shares valued at $109,000 after acquiring an additional 6,474 shares in the last quarter. Furthermore, Paloma Partners Management Co and MQS Management LLC both acquired new shares during the first and second quarters, respectively, while Wealth Enhancement Advisory Services LLC raised its holdings by 9.0% in the third quarter, now owning 11,173 shares valued at $152,000 after adding 918 shares.

Analysts Adjust Price Targets

In a separate development, Wells Fargo & Company has adjusted its price target for Trinity Capital shares from $14.00 to $13.00, assigning an 'equal weight' rating as released in a report on October 29th.

Insider Activity at Trinity Capital

Additionally, there have been insider transactions reported at Trinity Capital. CEO Kyle Steven Brown acquired 3,500 shares in a transaction executed on August 13th, at an average price of $14.15 per share, amounting to $49,525. Following this acquisition, the CEO holds a total of 975,298 shares valued at approximately $13,800,466.70. This transaction represents no significant increase in his position percentage-wise. In the past three months, insiders have accumulated 5,597 shares worth $78,913, indicating that insiders currently own 6.38% of the company’s stock.

Trinity Capital Stock Overview

On the stock market, shares of Trinity Capital experienced a decline of $0.43, closing at $13.35. The trading volume was recorded at 1,105,093 shares, surpassing the average of 487,404 shares. The company’s 50-day simple moving average stands at $13.87, while the 200-day moving average is $14.32. Trinity Capital has a current market capitalization of $786.45 million, with a P/E ratio of 7.81 and a beta of 0.55. Over the past year, the stock reached a low of $13.27 and a high of $15.44.

Trinity Capital (NASDAQ:TRIN - Get Free Report) announced its latest quarterly earnings results on August 7th, reporting earnings per share (EPS) of $0.51. This figure fell short of analysts' expectations of $0.53 by $0.02. The company achieved a return on equity of 15.90% and a net margin of 40.73%, with revenue for the quarter amounting to $54.64 million, exceeding the consensus estimate of $53.17 million. Analysts anticipate Trinity Capital will report an EPS of 2.09 for the current fiscal year.

Dividend Announcement by Trinity Capital

Trinity Capital also announced a quarterly dividend, which was paid on October 15th. Shareholders who were on record as of September 30th received a dividend of $0.51. With an annualized dividend of $2.04, this reflects a yield of 15.28%. The payout ratio for this dividend stands at 119.30%.

About Trinity Capital

Trinity Capital Inc. is a business development company founded in 2019 and is based in Phoenix, Arizona, with additional offices in the United States. The firm specializes in providing venture debt to growth-stage companies seeking loans or equipment financing.

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