Sanctuary Advisors LLC Purchases 32,385 Shares of Trinity Capital Inc. $TRIN

Sanctuary Advisors LLC increased its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 138.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,847 shares of the company’s stock after purchasing an additional 32,385 shares during the quarter. Sanctuary Advisors LLC’s holdings in Trinity Capital were worth $822,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRIN. Exeter Financial LLC boosted its position in Trinity Capital by 6.6% in the first quarter. Exeter Financial LLC now owns 11,589 shares of the company’s stock valued at $170,000 after buying an additional 717 shares in the last quarter. Osaic Holdings Inc. grew its stake in Trinity Capital by 1.1% during the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock worth $980,000 after buying an additional 754 shares during the last quarter. First Commonwealth Financial Corp PA increased its holdings in shares of Trinity Capital by 3.4% during the fourth quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after buying an additional 799 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Trinity Capital by 6.0% during the first quarter. Values First Advisors Inc. now owns 18,441 shares of the company’s stock worth $271,000 after buying an additional 1,047 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in shares of Trinity Capital by 10.7% during the fourth quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock worth $165,000 after buying an additional 1,085 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $17.26 on Monday. The firm has a market cap of $1.55 billion, a P/E ratio of 9.13 and a beta of 0.61. Trinity Capital Inc. has a 12 month low of $14.13 and a 12 month high of $18.12. The company’s 50-day moving average price is $17.19 and its two-hundred day moving average price is $16.19.

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

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. Trinity Capital’s dividend payout ratio (DPR) is currently 107.94%.

Wall Street Analysts Forecast Growth

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

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.