Legacy Capital Wealth Partners LLC Makes New $1.49 Million Investment in Trinity Capital Inc. (NASDAQ:TRIN)

Legacy Capital Wealth Partners LLC acquired a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 102,363 shares of the company’s stock, valued at approximately $1,487,000. Legacy Capital Wealth Partners LLC owned 0.23% of Trinity Capital as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRIN. Melia Wealth LLC acquired a new position in shares of Trinity Capital during the fourth quarter worth $14,675,000. Soros Fund Management LLC acquired a new position in shares of Trinity Capital during the third quarter worth $4,555,000. Van ECK Associates Corp lifted its position in shares of Trinity Capital by 24.4% during the third quarter. Van ECK Associates Corp now owns 692,656 shares of the company’s stock worth $9,642,000 after purchasing an additional 135,738 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Trinity Capital during the third quarter worth $1,241,000. Finally, Barclays PLC acquired a new position in shares of Trinity Capital during the third quarter worth $1,174,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRIN shares. UBS Group boosted 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. B. Riley reissued a “buy” rating and set a $16.50 target price (up from $16.00) on shares of Trinity Capital in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.58.

Trinity Capital Stock Up 2.0 %

TRIN traded up $0.30 during trading on Friday, hitting $15.18. The company had a trading volume of 505,767 shares, compared to its average volume of 435,370. The company has a market cap of $704.96 million, a PE ratio of 7.95 and a beta of 0.62. The business has a 50-day moving average of $14.61 and a 200-day moving average of $14.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. Trinity Capital Inc. has a 1-year low of $11.32 and a 1-year high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The business had revenue of $47.83 million for the quarter, compared to the consensus estimate of $46.79 million. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, analysts forecast that Trinity Capital Inc. will post 2.21 earnings per share for the current year.

Trinity Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.51 per share. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 27th. This represents a $2.04 annualized dividend and a yield of 13.44%. Trinity Capital’s payout ratio is presently 106.81%.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the completion of the purchase, the chief executive officer now directly owns 821,477 shares in the company, valued at $12,248,222.07. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.75% of the stock is owned by insiders.

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.