Emerald Advisers LLC Sells 26,589 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Advisers LLC cut its position in Trinity Capital Inc. (NASDAQ:TRIN) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 722,941 shares of the company’s stock after selling 26,589 shares during the period. Emerald Advisers LLC owned approximately 1.46% of Trinity Capital worth $10,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC purchased a new position in Trinity Capital in the 2nd quarter worth approximately $1,446,000. Van ECK Associates Corp raised its stake in shares of Trinity Capital by 24.9% in the second quarter. Van ECK Associates Corp now owns 1,138,185 shares of the company’s stock worth $16,093,000 after purchasing an additional 226,919 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Trinity Capital by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 71,436 shares of the company’s stock valued at $1,010,000 after purchasing an additional 3,415 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Trinity Capital during the second quarter valued at $35,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Trinity Capital in the 2nd quarter worth about $256,000. Institutional investors own 24.62% of the company’s stock.

Insider Activity at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown purchased 3,500 shares of Trinity Capital stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $14.15 per share, with a total value of $49,525.00. Following the transaction, the chief executive officer now directly owns 975,298 shares of the company’s stock, valued at $13,800,466.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders bought 5,597 shares of company stock worth $78,913. 6.38% of the stock is owned by insiders.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $13.84 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $738.64 million, a price-to-earnings ratio of 8.60 and a beta of 0.55. The business has a 50-day simple moving average of $14.19 and a two-hundred day simple moving average of $14.54. Trinity Capital Inc. has a fifty-two week low of $13.21 and a fifty-two week high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. The company had revenue of $54.64 million for the quarter, compared to analysts’ expectations of $53.17 million. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, analysts expect that Trinity Capital Inc. will post 2.11 earnings per share for the current year.

Trinity Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.74%. The ex-dividend date of this dividend was Friday, June 28th. Trinity Capital’s payout ratio is currently 126.71%.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.