UBS Group AG Boosts Position in Trinity Capital Inc. $TRIN

UBS Group AG boosted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 28.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,038,928 shares of the company’s stock after buying an additional 232,031 shares during the quarter. UBS Group AG’s holdings in Trinity Capital were worth $15,220,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in Trinity Capital during the 4th quarter worth approximately $27,000. MCF Advisors LLC purchased a new position in Trinity Capital during the 3rd quarter worth approximately $52,000. JPMorgan Chase & Co. purchased a new position in Trinity Capital during the 2nd quarter worth approximately $54,000. BNP Paribas Financial Markets increased its holdings in shares of Trinity Capital by 8,783.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,041 shares of the company’s stock valued at $94,000 after purchasing an additional 5,973 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in shares of Trinity Capital during the 3rd quarter valued at approximately $102,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,532 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $14.16 per share, with a total value of $50,013.12. Following the completion of the acquisition, the chief executive officer directly owned 620,709 shares of the company’s stock, valued at $8,789,239.44. This represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Steve Louis Brown bought 27,109 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $14.75 per share, with a total value of $399,857.75. Following the acquisition, the chairman directly owned 940,745 shares of the company’s stock, valued at approximately $13,875,988.75. This represents a 2.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 37,682 shares of company stock valued at $553,902 in the last ninety days. Insiders own 5.31% of the company’s stock.

Analyst Ratings Changes

TRIN has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Keefe, Bruyette & Woods lifted their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.64.

Trinity Capital Stock Down 0.6%

TRIN opened at $16.82 on Thursday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 8.90 and a beta of 0.63. Trinity Capital Inc. has a 52-week low of $13.76 and a 52-week high of $17.38. The firm’s fifty day simple moving average is $15.38 and its two-hundred day simple moving average is $15.35.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The business had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. On average, research analysts forecast that Trinity Capital Inc. will post 2.1 EPS for the current year.

Trinity Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. Trinity Capital’s dividend payout ratio is presently 107.94%.

Trinity Capital Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.