International Assets Investment Management LLC Invests $528,000 in Trinity Capital Inc. (NASDAQ:TRIN)

International Assets Investment Management LLC acquired a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,325 shares of the company’s stock, valued at approximately $528,000. International Assets Investment Management LLC owned 0.08% of Trinity Capital at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of Trinity Capital during the third quarter worth $1,241,000. Barclays PLC purchased a new stake in shares of Trinity Capital during the third quarter worth $1,174,000. Cornerstone Wealth Management LLC purchased a new position in Trinity Capital in the fourth quarter valued at $172,000. Commonwealth Equity Services LLC increased its holdings in Trinity Capital by 16.4% in the third quarter. Commonwealth Equity Services LLC now owns 33,646 shares of the company’s stock valued at $468,000 after buying an additional 4,746 shares during the last quarter. Finally, Emerald Advisers LLC increased its holdings in Trinity Capital by 8.8% in the third quarter. Emerald Advisers LLC now owns 755,562 shares of the company’s stock valued at $10,517,000 after buying an additional 60,890 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the completion of the purchase, the chief executive officer now owns 821,477 shares of the company’s stock, valued at $12,248,222.07. The acquisition was disclosed in a filing with the SEC, which is available through this link. 7.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

TRIN has been the topic of several recent analyst reports. B. Riley reissued a “buy” rating and issued a $16.50 target price (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group increased their target price on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and a consensus price target of $15.58.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.88 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. Trinity Capital Inc. has a 1 year low of $11.32 and a 1 year high of $15.44. The company has a market capitalization of $690.98 million, a PE ratio of 7.79 and a beta of 0.62. The company has a fifty day moving average of $14.58 and a two-hundred day moving average of $14.45.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The company had revenue of $47.83 million during the quarter, compared to analyst estimates of $46.79 million. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, analysts expect that Trinity Capital Inc. will post 2.21 earnings per share for the current year.

Trinity Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 13.71%. The ex-dividend date was Wednesday, March 27th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s dividend payout ratio is currently 106.81%.

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.