Emerald Advisers LLC Cuts Stock Holdings in Trinity Capital Inc. $TRIN

Emerald Advisers LLC trimmed its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 766,190 shares of the company’s stock after selling 43,620 shares during the period. Emerald Advisers LLC owned about 0.92% of Trinity Capital worth $11,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Trinity Capital by 609.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock valued at $2,072,000 after acquiring an additional 117,420 shares during the period. Empowered Funds LLC purchased a new stake in shares of Trinity Capital during the first quarter worth about $234,000. JPMorgan Chase & Co. acquired a new position in Trinity Capital in the 2nd quarter valued at $54,000. Invesco Ltd. increased its stake in Trinity Capital by 2.7% in the second quarter. Invesco Ltd. now owns 838,194 shares of the company’s stock valued at $11,793,000 after purchasing an additional 21,729 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Trinity Capital in the 2nd quarter worth about $346,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRIN shares. Wells Fargo & Company lifted their target price on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods lifted their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trinity Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.64.

Trinity Capital Trading Down 0.2%

Trinity Capital stock opened at $17.56 on Tuesday. Trinity Capital Inc. has a 52 week low of $14.13 and a 52 week high of $18.08. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 9.29 and a beta of 0.61. The company’s 50-day moving average price is $17.06 and its two-hundred day moving average price is $16.02.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The firm had revenue of $51.37 million during the quarter, compared to the consensus estimate of $85.87 million. Research analysts expect that Trinity Capital Inc. will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.6%. Trinity Capital’s dividend payout ratio is currently 107.94%.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.