Chicago Partners Investment Group LLC Increases Position in Trinity Capital Inc. (NASDAQ:TRIN)

Chicago Partners Investment Group LLC lifted its position in Trinity Capital Inc. (NASDAQ:TRIN) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,464 shares of the company’s stock after purchasing an additional 1,451 shares during the period. Chicago Partners Investment Group LLC’s holdings in Trinity Capital were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Trinity Capital by 3,460.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock worth $52,000 after purchasing an additional 3,460 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Trinity Capital by 76.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after acquiring an additional 1,791 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Trinity Capital during the fourth quarter worth $107,000. C M Bidwell & Associates Ltd. bought a new position in shares of Trinity Capital during the third quarter worth $126,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Trinity Capital during the fourth quarter worth $154,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRIN shares. B. Riley dropped their target price on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. UBS Group upped their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Trinity Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Trinity Capital Price Performance

Trinity Capital stock opened at $14.88 on Wednesday. The firm has a 50-day moving average price of $14.78 and a 200-day moving average price of $14.64. The firm has a market capitalization of $736.26 million, a PE ratio of 9.24 and a beta of 0.57. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08. Trinity Capital Inc. has a 12-month low of $13.15 and a 12-month high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $50.45 million during the quarter, compared to the consensus estimate of $50.09 million. Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. During the same quarter last year, the business posted $0.52 EPS. As a group, equities research analysts forecast that Trinity Capital Inc. will post 2.14 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 13.71%. Trinity Capital’s dividend payout ratio (DPR) is presently 126.71%.

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.