Emerald Mutual Fund Advisers Trust Cuts Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Emerald Mutual Fund Advisers Trust lessened its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 577,713 shares of the company’s stock after selling 93,735 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Trinity Capital were worth $8,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRIN. McIlrath & Eck LLC purchased a new stake in Trinity Capital in the third quarter valued at about $57,000. Trust Co. of Vermont acquired a new position in shares of Trinity Capital during the fourth quarter valued at about $101,000. Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital in the 4th quarter valued at approximately $124,000. Blue Trust Inc. boosted its stake in 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 purchasing an additional 2,100 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Trinity Capital during the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRIN shares. Wells Fargo & Company decreased their price target on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Monday. UBS Group dropped their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th.

Trinity Capital Stock Performance

TRIN opened at $14.84 on Tuesday. The company has a market cap of $932.41 million, a price-to-earnings ratio of 8.68 and a beta of 0.56. The firm’s fifty day simple moving average is $15.28 and its two-hundred day simple moving average is $14.79. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82.

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

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 13.75%. The ex-dividend date was Monday, March 31st. Trinity Capital’s payout ratio is currently 99.03%.

Trinity Capital Company 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.