Trinity Capital Inc. (NASDAQ:TRIN) Short Interest Update

Trinity Capital Inc. (NASDAQ:TRIN) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,610,000 shares, an increase of 21.1% from the December 31st total of 1,330,000 shares. Based on an average trading volume of 538,800 shares, the short-interest ratio is currently 3.0 days. Approximately 2.9% of the shares of the stock are sold short.

Insider Activity

In related news, Chairman Steve Louis Brown purchased 19,350 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $13.12 per share, with a total value of $253,872.00. Following the completion of the acquisition, the chairman now directly owns 722,182 shares in the company, valued at $9,475,027.84. The trade was a 2.75 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.38% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after buying an additional 3,380 shares during the period. McIlrath & Eck LLC acquired a new stake in Trinity Capital during the 3rd quarter valued at $57,000. Trust Co. of Vermont bought a new position in shares of Trinity Capital in the fourth quarter valued at about $101,000. Blue Trust Inc. raised its holdings in Trinity Capital by 522.1% in the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital during the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reiterated an “underweight” rating and set a $13.00 price objective on shares of Trinity Capital in a research note on Monday, December 2nd.

Trinity Capital Stock Up 1.6 %

NASDAQ TRIN traded up $0.24 during trading on Friday, reaching $15.30. 512,881 shares of the company’s stock were exchanged, compared to its average volume of 489,715. Trinity Capital has a fifty-two week low of $13.05 and a fifty-two week high of $15.38. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $901.32 million, a PE ratio of 8.95 and a beta of 0.55. The company’s fifty day simple moving average is $14.58 and its 200-day simple moving average is $14.21.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $61.77 million for the quarter, compared to the consensus estimate of $55.82 million. During the same period last year, the business earned $0.55 EPS. Sell-side analysts predict that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a yield of 13.33%. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

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.