Rockefeller Capital Management L.P. Grows Position in Trinity Capital Inc. $TRIN

Rockefeller Capital Management L.P. lifted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 895,784 shares of the company’s stock after purchasing an additional 16,646 shares during the quarter. Rockefeller Capital Management L.P. owned 1.39% of Trinity Capital worth $12,604,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in Trinity Capital by 689.7% during the first quarter. LPL Financial LLC now owns 372,983 shares of the company’s stock valued at $5,654,000 after purchasing an additional 325,753 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Trinity Capital in the 2nd quarter worth $2,136,000. Goldman Sachs Group Inc. raised its position in shares of Trinity Capital by 609.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock valued at $2,072,000 after buying an additional 117,420 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Trinity Capital during the 1st quarter worth $1,777,000. Finally, Denali Advisors LLC purchased a new position in Trinity Capital in the second quarter worth $1,443,000. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Down 1.6%

Shares of Trinity Capital stock opened at $14.38 on Thursday. The firm has a market cap of $1.09 billion, a PE ratio of 6.57 and a beta of 0.53. The company’s fifty day simple moving average is $15.20 and its two-hundred day simple moving average is $15.03. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. As a group, sell-side analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Tuesday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is presently 93.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lowered their price target on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company reiterated an “underweight” rating and set a $13.50 price objective (up from $13.00) on shares of Trinity Capital in a research report on Tuesday, August 12th. Finally, B. Riley raised their price objective on Trinity Capital from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.63.

Insider Transactions at Trinity Capital

In related news, Director Ronald E. Estes acquired 2,000 shares of the stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $14.44 per share, for a total transaction of $28,880.00. Following the completion of the purchase, the director owned 38,779 shares of the company’s stock, valued at $559,968.76. This represents a 5.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Steve Louis Brown bought 4,500 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $14.42 per share, for a total transaction of $64,890.00. Following the completion of the purchase, the chairman owned 818,466 shares of the company’s stock, valued at approximately $11,802,279.72. The trade was a 0.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 19,020 shares of company stock valued at $281,095 in the last ninety days. 5.31% of the stock is currently owned by corporate insiders.

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.