GSA Capital Partners LLP Invests $1.12 Million in Trinity Capital Inc. $TRIN

GSA Capital Partners LLP bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 62,638 shares of the company’s stock, valued at approximately $1,121,000. GSA Capital Partners LLP owned about 0.07% of Trinity Capital at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in shares of Trinity Capital by 609.9% in the first quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock worth $2,072,000 after buying an additional 117,420 shares during the period. Empowered Funds LLC bought a new stake in Trinity Capital in the 1st quarter worth $234,000. JPMorgan Chase & Co. purchased a new position in shares of Trinity Capital in the second quarter valued at about $54,000. Invesco Ltd. increased its position in shares of Trinity Capital by 2.7% in the second quarter. Invesco Ltd. now owns 838,194 shares of the company’s stock valued at $11,793,000 after acquiring an additional 21,729 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Trinity Capital in the second quarter worth about $346,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown acquired 2,296 shares of the stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the transaction, the chief executive officer owned 612,262 shares of the company’s stock, valued at $11,045,206.48. This represents a 0.38% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TRIN. Keefe, Bruyette & Woods upped their price target on Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trinity Capital presently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Trinity Capital Price Performance

Shares of TRIN opened at $17.94 on Tuesday. The company has a 50-day simple moving average of $17.51 and a two-hundred day simple moving average of $16.38. The firm has a market capitalization of $1.70 billion, a PE ratio of 9.49 and a beta of 0.61. Trinity Capital Inc. has a one year low of $14.13 and a one year high of $18.57.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $87.17 million during the quarter, compared to the consensus estimate of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. Analysts expect that Trinity Capital Inc. will post 2.1 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 11.4%. Trinity Capital’s dividend payout ratio is 116.57%.

Trinity Capital 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.