Trinity Capital Inc. (NASDAQ:TRIN) is Melia Wealth LLC’s 2nd Largest Position

Melia Wealth LLC grew its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,103,949 shares of the company’s stock after buying an additional 6,980 shares during the quarter. Trinity Capital accounts for 8.6% of Melia Wealth LLC’s portfolio, making the stock its 2nd largest position. Melia Wealth LLC owned about 1.76% of Trinity Capital worth $16,736,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Trinity Capital during the first quarter worth approximately $38,000. Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital in the fourth quarter valued at $124,000. D.A. Davidson & CO. purchased a new position in shares of Trinity Capital in the first quarter valued at $160,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Trinity Capital by 9.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock valued at $176,000 after purchasing an additional 1,000 shares during the period. Finally, Mariner LLC purchased a new position in shares of Trinity Capital in the fourth quarter valued at $177,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRIN has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Trinity Capital from $16.00 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, May 8th. UBS Group upped their target price on shares of Trinity Capital from $17.00 to $17.50 and gave the company a “buy” rating in a research note on Wednesday, July 16th. B. Riley initiated coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, April 28th.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $14.90, for a total transaction of $49,691.50. Following the sale, the director directly owned 93,735 shares of the company’s stock, valued at approximately $1,396,651.50. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kyle Steven Brown bought 3,513 shares of the company’s stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $14.22 per share, for a total transaction of $49,954.86. Following the completion of the acquisition, the chief executive officer directly owned 55,332 shares of the company’s stock, valued at $786,821.04. This trade represents a 6.78% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 6,213 shares of company stock worth $89,005 over the last ninety days. 6.38% of the stock is currently owned by corporate insiders.

Trinity Capital Price Performance

TRIN opened at $15.07 on Monday. The stock has a market capitalization of $974.28 million, a PE ratio of 6.88 and a beta of 0.53. The firm’s fifty day moving average price is $14.51 and its 200 day moving average price is $14.92. Trinity Capital Inc. has a 12-month low of $12.50 and a 12-month high of $16.82.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.01). The company had revenue of $65.39 million during the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a net margin of 50.74% and a return on equity of 15.91%. On average, equities research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.51 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.04 annualized dividend and a yield of 13.54%. Trinity Capital’s dividend payout ratio is presently 93.15%.

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.