Raymond James Financial Services Advisors Inc. Increases Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Raymond James Financial Services Advisors Inc. raised its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,189 shares of the company’s stock after purchasing an additional 6,035 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.08% of Trinity Capital worth $511,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new stake in shares of Trinity Capital in the third quarter worth about $32,000. Bank of America Corp DE boosted its stake in shares of Trinity Capital by 259.9% in the first quarter. Bank of America Corp DE now owns 2,631 shares of the company’s stock worth $33,000 after buying an additional 1,900 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Trinity Capital by 296.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock worth $44,000 after buying an additional 2,603 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Trinity Capital in the third quarter worth about $53,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Trinity Capital in the second quarter worth about $78,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Insider Activity at Trinity Capital

In related news, CEO Kyle Steven Brown purchased 3,354 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $14.91 per share, with a total value of $50,008.14. Following the completion of the acquisition, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.75% of the company’s stock.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $14.36 on Friday. The business has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $14.42. Trinity Capital Inc. has a 12 month low of $11.32 and a 12 month high of $15.44. The stock has a market capitalization of $666.88 million, a P/E ratio of 7.52 and a beta of 0.62. 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 (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.54 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 period in the prior year, the business posted $0.57 EPS. As a group, analysts predict that Trinity Capital Inc. will post 2.21 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.21%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s dividend payout ratio (DPR) is currently 106.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $16.50 price target (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group upped their price target on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Trinity Capital presently has an average rating of “Moderate Buy” and a consensus target price of $15.58.

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.