Trinity Capital Inc. (NASDAQ:TRIN) Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC reduced its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 57.5% during the first quarter, Holdings Channel.com reports. The fund owned 43,453 shares of the company’s stock after selling 58,839 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Trinity Capital were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Trinity Capital by 14.5% in the 1st quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock worth $13,377,000 after purchasing an additional 115,134 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Trinity Capital during the 1st quarter valued at about $835,000. Legacy Capital Wealth Partners LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $1,487,000. Quantbot Technologies LP grew its stake in Trinity Capital by 77.0% during the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock valued at $576,000 after acquiring an additional 17,068 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $172,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Stock Up 0.6 %

Shares of Trinity Capital stock traded up $0.08 during trading on Friday, hitting $13.92. 244,124 shares of the stock traded hands, compared to its average volume of 543,043. The stock has a market cap of $688.76 million, a P/E ratio of 8.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06. Trinity Capital Inc. has a twelve month low of $13.21 and a twelve month high of $15.44. The company has a fifty day moving average price of $14.62 and a two-hundred day moving average price of $14.54.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Trinity Capital had a net margin of 36.12% and a return on equity of 16.73%. The firm had revenue of $50.45 million for the quarter, compared to analyst estimates of $50.09 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Equities research analysts predict that Trinity Capital Inc. will post 2.14 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.04 annualized dividend and a yield of 14.66%. Trinity Capital’s dividend payout ratio (DPR) is currently 126.71%.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their target price on Trinity Capital from $16.50 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

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.