PFG Investments LLC Has $200,000 Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

PFG Investments LLC lifted its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,204 shares of the company’s stock after purchasing an additional 1,188 shares during the period. PFG Investments LLC’s holdings in Trinity Capital were worth $200,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRIN. Farther Finance Advisors LLC bought a new stake in shares of Trinity Capital during the 1st quarter worth about $38,000. Aquatic Capital Management LLC bought a new stake in shares of Trinity Capital during the 4th quarter worth about $124,000. Axxcess Wealth Management LLC bought a new stake in shares of Trinity Capital during the 4th quarter worth about $158,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Trinity Capital by 9.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock worth $176,000 after buying an additional 1,000 shares during the period. Finally, Mariner LLC bought a new stake in shares of Trinity Capital during the 4th quarter worth about $177,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trinity Capital

In other news, Director Richard P. Hamada sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $14.90, for a total transaction of $49,691.50. Following the completion of the sale, the director now owns 93,735 shares of the company’s stock, valued at approximately $1,396,651.50. This represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kyle Steven Brown purchased 3,513 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $14.22 per share, with a total value of $49,954.86. Following the acquisition, the chief executive officer now owns 55,332 shares in the company, valued at $786,821.04. This trade represents a 6.78% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 6,213 shares of company stock valued at $89,005 in the last quarter. Company insiders own 5.31% of the company’s stock.

Trinity Capital Stock Up 2.0%

NASDAQ TRIN opened at $14.52 on Friday. The company has a market capitalization of $938.72 million, a P/E ratio of 6.63 and a beta of 0.55. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The firm has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $14.91.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $65.39 million during the quarter, compared to the consensus estimate of $67.67 million. Trinity Capital had a net margin of 50.74% and a return on equity of 15.91%. Equities analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.05%. The ex-dividend date of this dividend is Monday, June 30th. Trinity Capital’s dividend payout ratio is currently 93.15%.

Analyst Ratings Changes

TRIN has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday, April 28th. B. Riley assumed coverage on shares of Trinity Capital in a report on Tuesday, May 13th. They issued a “buy” rating and a $16.00 price objective for the company. UBS Group cut their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Trinity Capital from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Thursday, May 8th.

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.