Quantbot Technologies LP Makes New $973,000 Investment in Trinity Capital Inc. $TRIN

Quantbot Technologies LP bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 54,361 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in Trinity Capital during the second quarter valued at approximately $25,000. Sunbelt Securities Inc. acquired a new position in Trinity Capital during the first quarter valued at approximately $37,000. Fifth Third Bancorp bought a new stake in Trinity Capital in the first quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. bought a new stake in Trinity Capital in the second quarter valued at approximately $54,000. 24.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TRIN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Wells Fargo & Company upped their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.67.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $18.70 on Thursday. The business’s 50-day simple moving average is $17.72 and its 200-day simple moving average is $16.47. Trinity Capital Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $18.81. The stock has a market capitalization of $1.77 billion, a PE ratio of 9.89 and a beta of 0.61.

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

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio is 116.57%.

Insider Activity

In related news, CEO Kyle Steven Brown acquired 2,296 shares of the stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the transaction, the chief executive officer directly owned 612,262 shares of the company’s stock, valued at approximately $11,045,206.48. The trade was a 0.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.25% of the stock is owned by corporate insiders.

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.