Emerald Advisers Increases Stake in Trinity Capital Inc.

Emerald Advisers LLC has increased its stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 11.3% during the third quarter of the year. This update comes from the firm’s most recent 13F filing with the Securities and Exchange Commission. Following additional purchases, Emerald Advisers LLC now holds 804,942 shares of Trinity Capital. This new total reflects an acquisition of 82,001 shares during this period.

At the conclusion of the latest reporting period, Emerald Advisers LLC’s ownership represented about 1.63% of Trinity Capital, valued at approximately $10,923,000.

Other Institutional Investors Involvement

In addition to Emerald Advisers LLC, several other large institutional investors have made adjustments to their investments in Trinity Capital. For example, International Assets Investment Management LLC established a new position in the firm during the second quarter, worth around $35,000. Meanwhile, Blue Trust Inc. remarkably increased its holdings by 522.1% in the third quarter, now owning 7,714 shares valued at $109,000 after purchasing an additional 6,474 shares last quarter.

Furthermore, Paloma Partners Management Co. and MQS Management LLC both acquired new positions during the first and second quarters worth $150,000 and $152,000, respectively. Wealth Enhancement Advisory Services LLC also boosted its position in the third quarter by 9.0%, owning 11,173 shares with a total value of $152,000 after adding 918 shares. Overall, institutional investors and hedge funds collectively own 24.62% of Trinity Capital's stock.

Market Analysts Adjust Price Targets

In market news, Wells Fargo & Company lowered their price target on Trinity Capital shares from $14.00 to $13.00 and assigned an “equal weight” rating in a report released on October 29th.

Recent Insider Transactions at Trinity Capital

On a different note, in insider trading activity, CEO Kyle Steven Brown purchased 3,500 shares of the company’s stock on August 13th at an average price of $14.15 per share, totaling $49,525. Following this trade, the CEO's direct ownership in the firm now stands at 975,298 shares, valued at approximately $13,800,466.70. This transaction did not change his overall position percentage. In total, during the last three months, insiders acquired 5,597 shares valued at $78,913, making insider ownership comprise 6.38% of the total stock.

Trinity Capital Stock Performance Overview

Trinity Capital's stock traded down by $0.43 on Friday, settling at $13.35. The trading volume was significant, reaching 1,105,093 shares compared to an average volume of 487,404. Currently, the company’s 50-day simple moving average is $13.87, while the 200-day simple moving average is $14.32. Financial metrics reveal a low debt-to-equity ratio of 0.07, a quick ratio of 0.11, and a current ratio of 0.05. Over the past year, Trinity Capital has seen a low of $13.27 and a high of $15.44. The company holds a market capitalization of $786.45 million, with a P/E ratio of 7.81 and a beta of 0.55.

Latest Financial Results

Trinity Capital released its quarterly earnings report on August 7th, announcing earnings of $0.51 per share (EPS), falling short of analysts' consensus estimate of $0.53 by $0.02. The company had a return on equity of 15.90% and a net margin of 40.73%. The reported revenue for the quarter was $54.64 million, which exceeded the expected $53.17 million. In the same quarter of the previous year, Trinity Capital reported an EPS of $0.58. Analysts project that Trinity Capital will achieve an EPS of 2.09 for the current fiscal year.

Dividend Announcement from Trinity Capital

Recently, Trinity Capital declared a quarterly dividend, which was paid out on October 15th. Shareholders who maintained their positions as of the record date, September 30th, received a dividend of $0.51. The ex-dividend date was set for September 30th as well. This translates to an annualized dividend of $2.04, yielding 15.28%. The current payout ratio stands at 119.30%.

About Trinity Capital Inc.

Trinity Capital Inc. is a business development firm established to provide venture debt to growth-stage companies in need of loans and/or equipment financing. Founded in 2019, the company is headquartered in Phoenix, Arizona, with additional offices throughout the United States.

Conclusion and Further Reading

For those interested in analyzing investment opportunities, it is vital to remain informed about institutional movements in stocks like Trinity Capital, alongside financial performance and analyst ratings.

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