Trinity Capital Inc. $TRIN Shares Bought by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. boosted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,785 shares of the company’s stock after purchasing an additional 31,824 shares during the period. Trinity Capital comprises approximately 5.1% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 3rd biggest holding. SMH Capital Advisors Inc.’s holdings in Trinity Capital were worth $2,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC boosted its holdings in Trinity Capital by 3.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 34,496 shares of the company’s stock worth $505,000 after buying an additional 1,154 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in Trinity Capital by 8.6% during the fourth quarter. Moody National Bank Trust Division now owns 20,123 shares of the company’s stock worth $295,000 after buying an additional 1,586 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in Trinity Capital during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in Trinity Capital during the fourth quarter worth $27,000. Finally, Private Advisor Group LLC boosted its holdings in Trinity Capital by 7.8% during the third quarter. Private Advisor Group LLC now owns 28,549 shares of the company’s stock worth $442,000 after buying an additional 2,071 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $16.90 on Friday. The company has a fifty day moving average of $16.32 and a two-hundred day moving average of $15.66. The stock has a market capitalization of $1.52 billion, a PE ratio of 8.94 and a beta of 0.62. Trinity Capital Inc. has a fifty-two week low of $13.76 and a fifty-two week high of $17.38.

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

Trinity Capital Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRIN. Wells Fargo & Company increased their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods increased their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.64.

Insiders Place Their Bets

In related news, CEO Kyle Steven Brown acquired 3,532 shares of Trinity Capital stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $14.16 per share, for a total transaction of $50,013.12. Following the completion of the transaction, the chief executive officer owned 620,709 shares of the company’s stock, valued at approximately $8,789,239.44. The trade was a 0.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.31% of the company’s stock.

About Trinity Capital

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.