Russell Investments Group Ltd. Takes $821,000 Position in Trinity Capital Inc. (OTCMKTS:TRIN)

Russell Investments Group Ltd. purchased a new position in Trinity Capital Inc. (OTCMKTS:TRIN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56,705 shares of the company’s stock, valued at approximately $821,000. Russell Investments Group Ltd. owned 0.21% of Trinity Capital at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIN. UBS Group AG purchased a new stake in shares of Trinity Capital in the 1st quarter worth about $115,000. Geode Capital Management LLC acquired a new stake in shares of Trinity Capital during the 1st quarter worth about $215,000. Neuberger Berman Group LLC purchased a new stake in shares of Trinity Capital during the first quarter worth about $313,000. Advisory Research Inc. purchased a new stake in shares of Trinity Capital during the first quarter worth about $476,000. Finally, EJF Capital LLC acquired a new position in shares of Trinity Capital in the first quarter valued at approximately $497,000. 26.06% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on TRIN shares. Zacks Investment Research lowered Trinity Capital from a “buy” rating to a “hold” rating in a research note on Saturday, September 11th. Wells Fargo & Company lifted their price target on Trinity Capital from $15.50 to $15.75 and gave the company an “overweight” rating in a report on Monday, August 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $16.50.

In other news, CFO David Michael Lund purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, August 23rd. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $52,465.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

TRIN opened at $16.54 on Wednesday. Trinity Capital Inc. has a twelve month low of $13.46 and a twelve month high of $16.89. The firm has a market cap of $439.22 million and a price-to-earnings ratio of 12.82. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $14.83.

Trinity Capital (OTCMKTS:TRIN) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. Trinity Capital had a return on equity of 11.48% and a net margin of 109.78%. The firm had revenue of $19.48 million during the quarter, compared to the consensus estimate of $17.78 million. On average, analysts forecast that Trinity Capital Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.33 per share. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend is Wednesday, September 29th. Trinity Capital’s dividend payout ratio (DPR) is currently 89.92%.

Trinity Capital Company Profile

Trinity Capital Inc 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 Chandler, Arizona.

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Institutional Ownership by Quarter for Trinity Capital (OTCMKTS:TRIN)

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