Emerald Advisers LLC Has $11.27 Million Stake in Trinity Capital Inc. $TRIN

Emerald Advisers LLC decreased its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 766,190 shares of the company’s stock after selling 43,620 shares during the quarter. Emerald Advisers LLC’s holdings in Trinity Capital were worth $11,271,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp bought a new stake in Trinity Capital in the first quarter worth approximately $37,000. Kestra Advisory Services LLC grew its position in shares of Trinity Capital by 124.2% in the first quarter. Kestra Advisory Services LLC now owns 40,439 shares of the company’s stock valued at $595,000 after purchasing an additional 22,404 shares during the last quarter. R Squared Ltd grew its holdings in Trinity Capital by 17.1% in the 1st quarter. R Squared Ltd now owns 27,361 shares of the company’s stock valued at $402,000 after buying an additional 3,988 shares during the last quarter. Sound Income Strategies LLC increased its position in Trinity Capital by 22.8% during the first quarter. Sound Income Strategies LLC now owns 1,160,453 shares of the company’s stock worth $17,163,000 after acquiring an additional 215,505 shares during the period. Finally, Exeter Financial LLC increased its holdings in shares of Trinity Capital by 6.6% during the 1st quarter. Exeter Financial LLC now owns 11,589 shares of the company’s stock worth $170,000 after purchasing an additional 717 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Down 0.2%

Trinity Capital stock opened at $17.56 on Tuesday. The company has a 50 day moving average of $17.06 and a 200-day moving average of $16.02. The stock has a market capitalization of $1.58 billion, a PE ratio of 9.29 and a beta of 0.61. Trinity Capital Inc. has a twelve month low of $14.13 and a twelve month high of $18.08.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The firm had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. Equities analysts anticipate that Trinity Capital Inc. will post 2.1 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s payout ratio is presently 107.94%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Wells Fargo & Company upped their price target on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.64.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.