SMH Capital Advisors Inc. Has $2.50 Million Position in Trinity Capital Inc. $TRIN

SMH Capital Advisors Inc. increased its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 22.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,785 shares of the company’s stock after acquiring an additional 31,824 shares during the quarter. Trinity Capital comprises 5.1% of SMH Capital Advisors Inc.’s holdings, making the stock its 3rd biggest position. SMH Capital Advisors Inc. owned 0.23% of Trinity Capital worth $2,502,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. bought a new position in shares of Trinity Capital during the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Trinity Capital during the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new position in shares of Trinity Capital during the 2nd quarter worth approximately $54,000. Allworth Financial LP raised its stake in shares of Trinity Capital by 54.5% during the 4th quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock worth $88,000 after acquiring an additional 2,131 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Trinity Capital by 8,783.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,041 shares of the company’s stock worth $94,000 after acquiring an additional 5,973 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TRIN shares. Wells Fargo & Company boosted their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.64.

Insiders Place Their Bets

In related news, CEO Kyle Steven Brown bought 3,532 shares of the company’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of $14.16 per share, with a total value of $50,013.12. Following the transaction, the chief executive officer owned 620,709 shares in the company, valued at approximately $8,789,239.44. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.31% of the company’s stock.

Trinity Capital Trading Down 0.6%

NASDAQ:TRIN opened at $16.90 on Friday. The company has a market cap of $1.52 billion, a PE ratio of 8.94 and a beta of 0.62. Trinity Capital Inc. has a twelve month low of $13.76 and a twelve month high of $17.38. The company’s 50 day moving average is $16.32 and its two-hundred day moving average is $15.66.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. As a group, analysts expect that Trinity Capital Inc. will post 2.1 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Thursday, June 11th. Trinity Capital’s payout ratio is currently 107.94%.

Trinity Capital Company 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.