Sanctuary Advisors LLC Has $822,000 Position in Trinity Capital Inc. $TRIN

Sanctuary Advisors LLC lifted its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 138.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,847 shares of the company’s stock after buying an additional 32,385 shares during the period. Sanctuary Advisors LLC owned about 0.07% of Trinity Capital worth $822,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRIN. Marshall Wace LLP increased its stake in Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares during the period. Sound Income Strategies LLC lifted its position in shares of Trinity Capital by 58,959.2% in the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after acquiring an additional 943,348 shares during the period. Eagle Point Credit Management LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth approximately $10,657,000. Two Sigma Investments LP lifted its position in shares of Trinity Capital by 83.5% in the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after acquiring an additional 448,626 shares during the period. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of Trinity Capital during the 4th quarter worth approximately $5,493,000. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $17.26 on Monday. The stock’s 50 day moving average is $17.19 and its two-hundred day moving average is $16.19. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.13 and a beta of 0.61. Trinity Capital Inc. has a 1-year low of $14.13 and a 1-year high of $18.12.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. On average, analysts predict that Trinity Capital Inc. will post 2.1 earnings per share for the current year.

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio is 107.94%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Wall Street Zen raised Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.64.

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.