ExodusPoint Capital Management LP Has $1.34 Million Stake in Trinity Capital Inc. (NASDAQ:TRIN)

ExodusPoint Capital Management LP raised its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,438 shares of the company’s stock after buying an additional 1,844 shares during the period. ExodusPoint Capital Management LP’s holdings in Trinity Capital were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased its holdings in shares of Trinity Capital by 1,053.0% in the third quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Trinity Capital by 1.1% in the third quarter. Stifel Financial Corp now owns 423,341 shares of the company’s stock valued at $5,745,000 after purchasing an additional 4,778 shares in the last quarter. State Street Corp increased its holdings in shares of Trinity Capital by 3.3% in the third quarter. State Street Corp now owns 61,170 shares of the company’s stock valued at $861,000 after purchasing an additional 1,936 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Trinity Capital in the third quarter valued at approximately $532,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Trinity Capital in the third quarter valued at approximately $171,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Analyst Upgrades and Downgrades

TRIN has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods raised 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 Price Performance

Shares of TRIN stock opened at $14.17 on Thursday. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82. The stock has a market cap of $890.32 million, a PE ratio of 8.29 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The firm’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $14.74.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly 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. The company had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. As a group, analysts forecast that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.51 per share. The ex-dividend date is Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.40%. Trinity Capital’s dividend payout ratio is 99.03%.

Trinity Capital 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.