23,741 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,741 shares of the company’s stock, valued at approximately $344,000.

Several other large investors have also made changes to their positions in TRIN. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at about $57,000. Trust Co. of Vermont bought a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $101,000. Blue Trust Inc. raised its holdings in shares of Trinity Capital by 27.2% in the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock worth $133,000 after buying an additional 2,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital in the 4th quarter valued at $152,000. Finally, Colonial River Investments LLC bought a new stake in Trinity Capital in the fourth quarter valued at $158,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods upped their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Finally, UBS Group dropped 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.

Trinity Capital Stock Up 1.3 %

Shares of NASDAQ TRIN opened at $14.32 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The company has a market cap of $899.74 million, a price-to-earnings ratio of 8.37 and a beta of 0.56. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82. The firm’s 50-day simple moving average is $15.47 and its 200 day simple moving average is $14.74.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. On average, research analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.25%. Trinity Capital’s payout ratio is currently 99.03%.

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.