Trinity Capital Inc. $TRIN Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 64,275.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,157 shares of the company’s stock after buying an additional 61,062 shares during the period. AlphaQuest LLC owned 0.09% of Trinity Capital worth $860,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in Trinity Capital in the first quarter worth $45,000. Quarry LP increased its position in Trinity Capital by 194.8% in the first quarter. Quarry LP now owns 4,442 shares of the company’s stock worth $67,000 after buying an additional 2,935 shares during the period. Blue Trust Inc. increased its position in Trinity Capital by 40.3% in the second quarter. Blue Trust Inc. now owns 5,929 shares of the company’s stock worth $83,000 after buying an additional 1,704 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Trinity Capital in the first quarter worth $108,000. Finally, Exeter Financial LLC bought a new position in shares of Trinity Capital in the second quarter worth $143,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trinity Capital

In other Trinity Capital news, Director Ronald E. Estes acquired 2,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was purchased at an average cost of $16.07 per share, for a total transaction of $32,140.00. Following the transaction, the director owned 35,779 shares of the company’s stock, valued at $574,968.53. The trade was a 5.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kyle Steven Brown acquired 3,200 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $15.78 per share, with a total value of $50,496.00. Following the completion of the transaction, the chief executive officer directly owned 1,006,300 shares in the company, valued at approximately $15,879,414. This trade represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,200 shares of company stock valued at $114,856 over the last 90 days. Corporate insiders own 6.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRIN. Wells Fargo & Company reissued an “underweight” rating and issued a $13.50 price target (up previously from $13.00) on shares of Trinity Capital in a research note on Tuesday, August 12th. B. Riley increased their price target on Trinity Capital from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, UBS Group decreased their price target on Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.63.

Trinity Capital Stock Down 0.4%

NASDAQ:TRIN opened at $14.92 on Monday. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.69 and a beta of 0.53. The stock has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $14.97.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 15.72% and a net margin of 51.88%.The firm had revenue of $69.48 million during the quarter, compared to analyst estimates of $68.84 million. Equities analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 13.7%. Trinity Capital’s dividend payout ratio (DPR) is presently 91.48%.

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.