62,638 Shares in Trinity Capital Inc. $TRIN Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 62,638 shares of the company’s stock, valued at approximately $1,121,000.

Several other hedge funds have also added to or reduced their stakes in TRIN. Nomura Asset Management Co. Ltd. bought a new position in Trinity Capital in the 4th quarter worth about $25,000. Sunbelt Securities Inc. bought a new stake in Trinity Capital during the 1st quarter valued at about $37,000. Fifth Third Bancorp purchased a new position in Trinity Capital in the first quarter worth about $37,000. JPMorgan Chase & Co. purchased a new position in Trinity Capital in the second quarter worth about $54,000. Finally, Allworth Financial LP lifted its stake in shares of Trinity Capital by 54.5% in the fourth quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock worth $88,000 after buying an additional 2,131 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Trading Down 1.1%

Shares of NASDAQ:TRIN opened at $17.94 on Tuesday. The stock has a 50 day moving average of $17.51 and a 200 day moving average of $16.38. The company has a market cap of $1.70 billion, a PE ratio of 9.49 and a beta of 0.61. Trinity Capital Inc. has a 12-month low of $14.13 and a 12-month high of $18.57.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $87.17 million during the quarter, compared to analysts’ expectations of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. Equities research analysts predict that Trinity Capital Inc. will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s payout ratio is currently 116.57%.

Wall Street Analysts Forecast Growth

TRIN has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target 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. Keefe, Bruyette & Woods boosted their price objective on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Trinity Capital currently has an average rating of “Moderate Buy” and an average target price of $16.67.

Insider Transactions at Trinity Capital

In related news, CEO Kyle Steven Brown purchased 2,296 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $18.04 per share, for a total transaction of $41,419.84. Following the purchase, the chief executive officer directly owned 612,262 shares in the company, valued at $11,045,206.48. This trade represents a 0.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.25% 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.