AWM Capital LLC Increases Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

AWM Capital LLC boosted its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 50,643 shares of the company’s stock after purchasing an additional 4,108 shares during the period. AWM Capital LLC’s holdings in Trinity Capital were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of Trinity Capital by 1,053.0% in the third quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital in the 3rd quarter worth $57,000. Trust Co. of Vermont purchased a new stake in shares of Trinity Capital in the fourth quarter valued at about $101,000. Blue Trust Inc. increased its stake in shares of Trinity Capital by 27.2% during the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock worth $133,000 after acquiring an additional 2,100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after purchasing an additional 918 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Up 5.1 %

Shares of Trinity Capital stock opened at $16.54 on Thursday. Trinity Capital Inc. has a twelve month low of $13.05 and a twelve month high of $16.82. The stock has a market cap of $974.31 million, a price-to-earnings ratio of 9.67 and a beta of 0.56. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $15.11 and a 200 day moving average price of $14.41.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Equities research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s payout ratio is 119.30%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.00 target price on shares of Trinity Capital in a research note on Monday, December 2nd.

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.