United Capital Financial Advisors LLC Takes Position in Trinity Capital Inc. $TRIN

United Capital Financial Advisors LLC bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the second quarter, according to its most recent filing with the SEC. The fund bought 27,147 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. bought a new position in Trinity Capital during the fourth quarter valued at about $25,000. Trust Co. of Vermont bought a new stake in Trinity Capital in the second quarter worth about $25,000. Burk Holdings LLC bought a new stake in Trinity Capital in the second quarter worth about $32,000. Sunbelt Securities Inc. purchased a new position in Trinity Capital in the first quarter valued at about $37,000. Finally, Fifth Third Bancorp purchased a new position in Trinity Capital in the first quarter valued at about $37,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Steven Brown acquired 2,296 shares of Trinity Capital stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $18.04 per share, for a total transaction of $41,419.84. Following the purchase, the chief executive officer owned 612,262 shares of the company’s stock, valued at approximately $11,045,206.48. This represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.25% of the company’s stock.

Trinity Capital Stock Performance

Shares of TRIN opened at $18.64 on Tuesday. Trinity Capital Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $18.90. The business has a 50-day moving average of $17.83 and a 200 day moving average of $16.53. The firm has a market cap of $1.77 billion, a P/E ratio of 9.86 and a beta of 0.61.

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

Trinity Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRIN shares. Keefe, Bruyette & Woods raised 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 note on Thursday, August 6th. Wells Fargo & Company upped their price objective on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Trinity Capital currently has an average rating of “Moderate Buy” and an average price target of $16.67.

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.