Guggenheim Capital LLC Buys 2,541 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Guggenheim Capital LLC grew its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,027 shares of the company’s stock after buying an additional 2,541 shares during the period. Guggenheim Capital LLC owned approximately 0.05% of Trinity Capital worth $434,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Trinity Capital by 3.3% in the third quarter. State Street Corp now owns 61,170 shares of the company’s stock worth $861,000 after acquiring an additional 1,936 shares in the last quarter. McIlrath & Eck LLC bought a new stake in Trinity Capital during the third quarter worth about $57,000. Sanctuary Advisors LLC purchased a new position in shares of Trinity Capital in the 3rd quarter worth about $255,000. Franklin Resources Inc. increased its position in shares of Trinity Capital by 21.8% during the 3rd quarter. Franklin Resources Inc. now owns 186,356 shares of the company’s stock valued at $2,583,000 after purchasing an additional 33,352 shares during the last quarter. Finally, First Financial Bank Trust Division raised its holdings in shares of Trinity Capital by 5.0% during the 4th quarter. First Financial Bank Trust Division now owns 38,665 shares of the company’s stock valued at $559,000 after buying an additional 1,838 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Up 1.0 %

Shares of Trinity Capital stock opened at $14.86 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a 52-week low of $12.50 and a 52-week high of $16.82. The company’s 50 day moving average price is $15.30 and its 200-day moving average price is $14.78. The stock has a market capitalization of $933.67 million, a price-to-earnings ratio of 8.69 and a beta of 0.56.

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

Trinity Capital Announces Dividend

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

Wall Street Analyst Weigh In

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

Trinity Capital 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.