Quantbot Technologies LP Has $530,000 Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Quantbot Technologies LP decreased its position in Trinity Capital Inc. (NASDAQ:TRIN) by 14.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,595 shares of the company’s stock after selling 6,317 shares during the period. Quantbot Technologies LP owned about 0.06% of Trinity Capital worth $530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in shares of Trinity Capital by 1,053.0% in the third quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Trinity Capital in the 3rd quarter worth about $57,000. Trust Co. of Vermont acquired a new stake in Trinity Capital during the 4th quarter worth about $101,000. Blue Trust Inc. grew its stake in Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Trinity Capital in the 4th quarter valued at about $152,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods boosted their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, February 27th.

Trinity Capital Trading Down 0.3 %

Shares of NASDAQ TRIN opened at $16.06 on Friday. The business has a 50 day simple moving average of $15.73 and a 200 day simple moving average of $14.69. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $16.82. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 9.39 and a beta of 0.54. 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 (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The company had revenue of $70.83 million during the quarter, compared to the consensus estimate of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, research 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 12.70%. The ex-dividend date is Monday, March 31st. Trinity Capital’s payout ratio is 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.