Trinity Capital Inc. $TRIN Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC lessened its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,040 shares of the company’s stock after selling 57,190 shares during the quarter. Faithward Advisors LLC’s holdings in Trinity Capital were worth $2,857,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRIN. Marshall Wace LLP lifted its holdings in shares of Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after purchasing an additional 1,126,709 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Trinity Capital by 58,959.3% during the fourth quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after purchasing an additional 943,348 shares during the period. Eagle Point Credit Management LLC acquired a new stake in shares of Trinity Capital during the fourth quarter worth about $10,657,000. Two Sigma Investments LP lifted its holdings in shares of Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after purchasing an additional 448,626 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of Trinity Capital during the fourth quarter worth about $5,493,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Wall Street Analyst Weigh In

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

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN opened at $16.89 on Tuesday. Trinity Capital Inc. has a 12-month low of $13.76 and a 12-month high of $17.38. The company has a market capitalization of $1.52 billion, a PE ratio of 8.94 and a beta of 0.62. The business has a 50 day moving average of $16.40 and a two-hundred day moving average of $15.70.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $51.37 million during the quarter, compared to the consensus estimate of $85.87 million. 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. Trinity Capital’s payout ratio is 107.94%.

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.