SMH Capital Advisors Inc. Takes Position in Trinity Capital Inc. (NASDAQ:TRIN)

SMH Capital Advisors Inc. bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,891 shares of the company’s stock, valued at approximately $352,000. Trinity Capital comprises about 1.1% of SMH Capital Advisors Inc.’s portfolio, making the stock its 18th biggest position.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Trinity Capital by 14.5% during the first quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock valued at $13,377,000 after acquiring an additional 115,134 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Trinity Capital during the first quarter valued at approximately $543,000. Confluence Investment Management LLC purchased a new position in Trinity Capital during the first quarter valued at $835,000. Kennedy Capital Management LLC bought a new position in shares of Trinity Capital in the first quarter worth about $2,022,000. Finally, Quantbot Technologies LP raised its stake in shares of Trinity Capital by 77.0% in the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after buying an additional 17,068 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Up 0.8 %

NASDAQ TRIN opened at $14.03 on Thursday. The stock’s 50-day moving average price is $14.15 and its 200-day moving average price is $14.51. The company has a market capitalization of $748.78 million, a P/E ratio of 8.71 and a beta of 0.55. Trinity Capital Inc. has a 52 week low of $13.21 and a 52 week high of $15.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The firm had revenue of $54.64 million during the quarter, compared to the consensus estimate 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 firm earned $0.58 EPS. On average, equities research analysts predict that Trinity Capital Inc. will post 2.08 earnings per share for the current year.

Insider Activity at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the acquisition, the chief executive officer now owns 975,298 shares of the company’s stock, valued at $13,800,466.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 5,597 shares of company stock worth $78,913 in the last quarter. 6.38% of the stock is owned by company insiders.

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.