Keel Point LLC Invests $181,000 in Trinity Capital Inc. (NASDAQ:TRIN)

Keel Point LLC acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,426 shares of the company’s stock, valued at approximately $181,000.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC bought a new stake in shares of Trinity Capital in the third quarter worth $32,000. Bank of America Corp DE grew its holdings in shares of Trinity Capital by 259.9% in the first quarter. Bank of America Corp DE now owns 2,631 shares of the company’s stock worth $33,000 after acquiring an additional 1,900 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Trinity Capital by 296.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock worth $44,000 after acquiring an additional 2,603 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Trinity Capital in the third quarter worth $53,000. Finally, Quantbot Technologies LP bought a new stake in shares of Trinity Capital in the second quarter worth $78,000. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.16 on Thursday. The firm has a market cap of $657.59 million, a price-to-earnings ratio of 7.41 and a beta of 0.62. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $14.52 and a 200-day moving average price of $14.41. Trinity Capital Inc. has a twelve month low of $11.32 and a twelve month high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released 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 business had revenue of $47.83 million during 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 period last year, the company earned $0.57 EPS. As a group, equities research analysts predict that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.51 dividend. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.41%. The ex-dividend date was Wednesday, March 27th. Trinity Capital’s payout ratio is currently 106.81%.

Analysts Set New Price Targets

Several brokerages recently commented on TRIN. UBS Group lifted their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. B. Riley reissued a “buy” rating and set a $16.50 price target (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.58.

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 bought at an average cost 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 of the company’s stock, valued at $12,248,222.07. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.75% of the stock is owned by company insiders.

About Trinity Capital

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.