Emerald Advisers LLC Increases Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Advisers LLC has increased its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 11.3% during the third quarter, as indicated in the recent 13F filing submitted to the Securities and Exchange Commission. Following the purchase of an additional 82,001 shares, Emerald Advisers LLC now owns a total of 804,942 shares of Trinity Capital, representing approximately 1.63% of the company, valued at around $10,923,000 at the end of the reporting period.

In addition to Emerald Advisers, many other institutional investors have adjusted their investments in Trinity Capital. For instance, International Assets Investment Management LLC established a new position in Trinity Capital worth $35,000 during the second quarter. Furthermore, Blue Trust Inc. significantly increased its stake by 522.1%, now holding 7,714 shares worth $109,000 after acquiring an additional 6,474 shares in the last quarter. Other firms like Paloma Partners Management Co and MQS Management LLC also acquired new positions in earlier quarters, adding $150,000 and $152,000 respectively. Wealth Enhancement Advisory Services LLC grew its holdings by 9.0% in the third quarter, adding 918 shares to own a total of 11,173 shares valued at $152,000. Currently, institutional investors and hedge funds collectively own 24.62% of Trinity Capital's stock.

New Price Targets Set by Analysts

Recently, Wells Fargo & Company revised their price target for Trinity Capital, lowering it from $14.00 to $13.00 while maintaining an "equal weight" rating on the company as of October 29.

Insider Activities at Trinity Capital

In related news, CEO Kyle Steven Brown purchased 3,500 shares of Trinity Capital stock on August 13 for an average price of $14.15 per share, totaling $49,525. Following this transaction, the CEO holds 975,298 shares in the company, worth approximately $13,800,466.70. This acquisition represents no significant change in his position percentage-wise. Over the last three months, insiders have acquired a total of 5,597 shares of the company's stock worth $78,913, indicating that 6.38% of the stock is currently owned by insiders.

Trinity Capital Stock Performance Insights

On Friday, Trinity Capital shares fell by $0.43, ending the day at $13.35, with a trading volume of 1,105,093 shares compared to an average volume of 487,404. The company’s 50-day simple moving average is $13.87, and the 200-day simple moving average is $14.32. Trinity Capital is characterized by a low debt-to-equity ratio of 0.07, and current ratios of 0.11 and 0.05. Over the past year, the shares have experienced a low of $13.27 and a high of $15.44, with a market capitalization of $786.45 million, a price-to-earnings ratio of 7.81, and a beta of 0.55.

Trinity Capital reported its latest quarterly earnings on August 7, indicating an earnings per share (EPS) of $0.51 for the quarter. This figure fell short of analysts' consensus estimates of $0.53 by $0.02. The company recorded a return on equity of 15.90% and a net margin of 40.73% during this time, with revenue of $54.64 million exceeding the expected $53.17 million. Analysts predict an EPS of 2.09 for the current fiscal year.

Trinity Capital Dividend Information

The company has also declared a quarterly dividend, which was distributed on October 15. Shareholders as of September 30 received a dividend of $0.51 per share, with an annualized figure of $2.04, translating to a dividend yield of 15.28%. Currently, Trinity Capital's payout ratio stands at 119.30%.

Overview of Trinity Capital Inc.

Trinity Capital Inc. is a business development company that specializes in providing venture debt to growth-stage companies seeking loans and/or equipment financing. Established in 2019, the company operates from Phoenix, Arizona, with additional offices across the United States.

Further Information

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Investment, Stock, Growth