Cubist Systematic Strategies LLC Takes Position in Trinity Capital Inc. (NASDAQ:TRIN)

Cubist Systematic Strategies LLC bought a new position in Trinity Capital Inc. (NASDAQ:TRIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,278 shares of the company’s stock, valued at approximately $386,000.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital in the 2nd quarter worth approximately $35,000. Tucker Asset Management LLC purchased a new position in Trinity Capital during the 4th quarter valued at $45,000. Paloma Partners Management Co bought a new position in Trinity Capital in the 1st quarter worth $150,000. MQS Management LLC purchased a new stake in shares of Trinity Capital in the 2nd quarter worth about $152,000. Finally, Annex Advisory Services LLC bought a new stake in shares of Trinity Capital during the 1st quarter valued at about $179,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Insider Buying and Selling at Trinity Capital

In related news, CEO Kyle Steven Brown bought 3,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $14.15 per share, with a total value of $49,525.00. Following the completion of the purchase, the chief executive officer now owns 975,298 shares in the company, valued at approximately $13,800,466.70. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 5,597 shares of company stock valued at $78,913. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Price Performance

TRIN stock opened at $13.81 on Monday. Trinity Capital Inc. has a 1 year low of $13.21 and a 1 year high of $15.44. The company has a market cap of $683.30 million, a P/E ratio of 8.58 and a beta of 0.55. The firm has a 50-day moving average of $14.01 and a 200 day moving average of $14.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.11 and a quick ratio of 0.11.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $54.64 million during the quarter, compared to analysts’ expectations of $53.17 million. Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. During the same period in the previous year, the company earned $0.58 earnings per share. On average, sell-side analysts forecast that Trinity Capital Inc. will post 2.08 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 14.77%. The ex-dividend date is Monday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is presently 126.71%.

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.