Rinkey Investments Has $279,000 Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Rinkey Investments lifted its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 90.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,310 shares of the company’s stock after purchasing an additional 9,157 shares during the quarter. Rinkey Investments’ holdings in Trinity Capital were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC bought a new position in Trinity Capital in the fourth quarter worth $124,000. First Commonwealth Financial Corp PA bought a new position in shares of Trinity Capital during the 4th quarter worth about $344,000. Guggenheim Capital LLC boosted its position in shares of Trinity Capital by 9.2% during the 4th quarter. Guggenheim Capital LLC now owns 30,027 shares of the company’s stock valued at $434,000 after acquiring an additional 2,541 shares in the last quarter. Mariner LLC acquired a new stake in shares of Trinity Capital during the 4th quarter valued at about $177,000. Finally, Melia Wealth LLC increased its stake in Trinity Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 1,096,969 shares of the company’s stock valued at $15,873,000 after acquiring an additional 32,107 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TRIN shares. UBS Group decreased their price objective on Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company raised their target price on Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods upped their price target on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $14.86 on Friday. The stock has a market capitalization of $933.67 million, a price-to-earnings ratio of 8.69 and a beta of 0.56. The firm’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $14.77. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 1-year low of $12.50 and a 1-year high of $16.82.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. On average, equities analysts predict that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.73%. Trinity Capital’s dividend payout ratio (DPR) is presently 99.03%.

About Trinity Capital

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.