Quantbot Technologies LP Has $530,000 Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Quantbot Technologies LP trimmed its position in Trinity Capital Inc. (NASDAQ:TRIN) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,595 shares of the company’s stock after selling 6,317 shares during the quarter. Quantbot Technologies LP’s holdings in Trinity Capital were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP raised its holdings in Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares during the period. McIlrath & Eck LLC bought a new position in shares of Trinity Capital in the third quarter worth about $57,000. Trust Co. of Vermont acquired a new position in shares of Trinity Capital during the 4th quarter worth about $101,000. Blue Trust Inc. boosted its stake in Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after purchasing an additional 2,100 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital in the 4th quarter valued at approximately $152,000. 24.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRIN. Wells Fargo & Company upped their price target on Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods upped their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

Trinity Capital Trading Down 0.3 %

Trinity Capital stock opened at $16.06 on Friday. The business has a 50 day moving average price of $15.73 and a two-hundred day moving average price of $14.69. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $16.82. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 9.39 and a beta of 0.54.

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

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date of this dividend is Monday, March 31st. Trinity Capital’s payout ratio is 99.03%.

About Trinity Capital

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.