Emerald Advisers LLC Sells 2,453 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Advisers LLC trimmed its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 802,489 shares of the company’s stock after selling 2,453 shares during the quarter. Emerald Advisers LLC’s holdings in Trinity Capital were worth $11,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new position in Trinity Capital in the third quarter valued at approximately $169,000. Quest Partners LLC bought a new position in shares of Trinity Capital during the 3rd quarter worth $442,000. Advisors Asset Management Inc. increased its holdings in Trinity Capital by 41.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 100,837 shares of the company’s stock worth $1,368,000 after acquiring an additional 29,695 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Trinity Capital in the 3rd quarter valued at about $173,000. Finally, Quantbot Technologies LP lifted its holdings in Trinity Capital by 122.4% during the third quarter. Quantbot Technologies LP now owns 42,912 shares of the company’s stock valued at $582,000 after purchasing an additional 23,614 shares during the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Trading Down 0.1 %

NASDAQ TRIN opened at $16.14 on Friday. The stock’s 50-day simple moving average is $15.61 and its two-hundred day simple moving average is $14.64. Trinity Capital Inc. has a twelve month low of $13.05 and a twelve month high of $16.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.44 and a beta of 0.54.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $70.83 million during the quarter, compared to the consensus estimate of $64.13 million. Research analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.64%. The ex-dividend date is Monday, March 31st. Trinity Capital’s dividend payout ratio is currently 99.03%.

Analyst Ratings Changes

Several research firms have recently issued reports on TRIN. Wells Fargo & Company boosted their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods lifted their price objective 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 Company Profile

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.