Paloma Partners Management Co Purchases Shares of 10,194 Trinity Capital Inc. (NASDAQ:TRIN)

Paloma Partners Management Co purchased a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,194 shares of the company’s stock, valued at approximately $150,000.

A number of other large investors have also recently added to or reduced their stakes in TRIN. Tucker Asset Management LLC acquired a new stake in Trinity Capital in the fourth quarter valued at $45,000. Tower Research Capital LLC TRC lifted its stake in shares of Trinity Capital by 3,460.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock worth $52,000 after buying an additional 3,460 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Trinity Capital by 76.9% during the 4th quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after buying an additional 1,791 shares during the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Trinity Capital during the 4th quarter worth about $107,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Trinity Capital during the 4th quarter worth about $154,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their target price on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Trinity Capital presently has an average rating of “Moderate Buy” and an average target price of $15.60.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN traded up $0.05 during mid-day trading on Tuesday, reaching $14.65. 107,365 shares of the company were exchanged, compared to its average volume of 471,689. The company’s 50-day simple moving average is $14.55 and its 200-day simple moving average is $14.52. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $724.88 million, a P/E ratio of 9.07 and a beta of 0.56. Trinity Capital Inc. has a twelve month low of $13.21 and a twelve month high of $15.44.

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

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 13.92%. The ex-dividend date of this dividend was Friday, June 28th. Trinity Capital’s dividend payout ratio is 126.71%.

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.