Hennion & Walsh Asset Management Inc. Buys 55,131 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,509 shares of the company’s stock after purchasing an additional 55,131 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.41% of Trinity Capital worth $2,734,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TRIN. Van ECK Associates Corp lifted its holdings in shares of Trinity Capital by 14.5% in the first quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock worth $13,377,000 after buying an additional 115,134 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Trinity Capital during the 1st quarter valued at $543,000. Kennedy Capital Management LLC bought a new position in shares of Trinity Capital in the first quarter worth $2,022,000. Quantbot Technologies LP raised its position in shares of Trinity Capital by 77.0% in the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after buying an additional 17,068 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock valued at $3,572,000 after buying an additional 212,353 shares during the period. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Price Performance

Shares of NASDAQ TRIN opened at $13.72 on Friday. The firm has a market capitalization of $732.24 million, a P/E ratio of 8.17 and a beta of 0.55. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $13.94 and its two-hundred day simple moving average is $14.35. Trinity Capital Inc. has a twelve month low of $13.27 and a twelve month high of $15.44.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The company had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a net margin of 40.06% and a return on equity of 16.14%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts anticipate that Trinity Capital Inc. will post 2.08 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 14.87%. The ex-dividend date was Monday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is currently 121.43%.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average cost of $14.15 per share, with a total value of $49,525.00. Following the acquisition, the chief executive officer now owns 975,298 shares in the company, valued at approximately $13,800,466.70. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders bought 5,597 shares of company stock worth $78,913. 6.38% of the stock is currently owned by corporate insiders.

About Trinity Capital

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.