Rockefeller Capital Management L.P. Buys 48,764 Shares of Trinity Capital Inc. $TRIN

Rockefeller Capital Management L.P. boosted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 964,548 shares of the company’s stock after buying an additional 48,764 shares during the period. Rockefeller Capital Management L.P.’s holdings in Trinity Capital were worth $14,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. purchased a new stake in Trinity Capital in the 4th quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new position in shares of Trinity Capital during the fourth quarter valued at about $27,000. JPMorgan Chase & Co. purchased a new position in shares of Trinity Capital during the second quarter valued at about $54,000. Allworth Financial LP increased its holdings in shares of Trinity Capital by 54.5% in the fourth quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock worth $88,000 after purchasing an additional 2,131 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Trinity Capital by 8,783.8% in the third quarter. BNP Paribas Financial Markets now owns 6,041 shares of the company’s stock worth $94,000 after buying an additional 5,973 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Up 0.1%

TRIN stock opened at $16.89 on Wednesday. Trinity Capital Inc. has a 52 week low of $13.76 and a 52 week high of $17.38. The firm has a market capitalization of $1.52 billion, a P/E ratio of 8.94 and a beta of 0.62. The company has a fifty day simple moving average of $16.62 and a two-hundred day simple moving average of $15.79.

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

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) annualized dividend and a yield of 12.1%. Trinity Capital’s dividend payout ratio (DPR) is currently 107.94%.

Analyst Ratings Changes

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

About Trinity Capital

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.