( ) was the subject of a significant increase in short interests in April. On April 30, there were 1,930,000 short shares, a 17.0% increase from the total of 1,650,000 on April 15. Around 5.8% of shares are shorted. The days-to-cover is currently 5.0 days based on an average daily volume 387,300.
Insider Trading at Trinity Capital
Insider Kyle Steven Brown bought 3,646 shares in the company's stock on Thursday, 9th March. Stock was purchased at a cost of $13.71 on average per share for a transaction totaling $49,986.66. After the purchase, an insider owns 46.140 shares of the company valued at $632.579.40. Recently, hedge funds bought and sold the stock. Bank of America Corp DE has increased its stake in Trinity Capital from 259.9% to $33,000 during the first quarter. Bank of America Corp DE owns 2,631 of the company’s shares valued at $33,000, after buying an additional 1,900 in the last quarter. Tower Research Capital LLC TRC grew its stake in Trinity Capital shares by 296.1% during the third quarter. Tower Research Capital LLC TRC owns 3,482 of the company stock, worth $44,000. This is after purchasing an additional 2,603 during the period. GPS Wealth Strategies Group LLC purchased a stake in Trinity Capital worth $45,000 in the first quarter. Quantbot Technologies LP purchased a stake in Trinity Capital worth $78,000 in the second quarter. LSV Asset Management also acquired shares of Trinity Capital during the fourth quarter, worth $96,000. Stocks of Trinity Capital are owned by hedge funds and institutional investors, who own 26.95%.
Analyst Upgrades and downgrades
Several research analysts have recently commented on TRIN's shares. Keefe, Bruyette & Woods lowered the price target of Trinity Capital stock from $13.50 down to $11.00 and lowered its rating from'market perform to 'underperform.' B. Riley lowered its price target for Trinity Capital in a Monday report from $14.00 down to $13.00. Three analysts have given the stock a hold or buy rating while one analyst has given it a sell. MarketBeat data shows that the consensus rating for the stock is 'Hold' with a consensus price target of $15.35.
Trinity Capital Trading Drops 1.7 %
During Friday's trading hours, the price of $11.39 fell by $0.20. The trading volume was 224,576 shares compared to the average of 349134. The company has a $409.69 million market cap, a P/E of -189.83, and a beta value of 0.56. The debt-to equity ratio for the company is 0.10; the quick ratio is 0.05, and the current ratio is 0.05. Trinity Capital's 1 year low is $10.23, and its 1 year high is $17.09. The company's 50-day average price is $12.52, and its two-hundred-day average price is $12.20.
The company announced its last quarterly earnings on Thursday, 2nd March. The company's $0.57 per share earnings for the third quarter exceeded the consensus estimate by $0.08 Trinity Capital's net margin was 0.76%, and its return on equity was 16.11%. Revenue for the firm was $41,51 million, which is higher than analysts' expectations of $35.82 million. Sell-side analysts expect Trinity Capital to post an average of 2.3 earnings per shares for the current fiscal year.
Trinity Capital Increases Dividend
Recently, the company announced a quarter dividend that was paid out on Friday, 14th April. Investors who held shares on the Friday, March 31, were paid a $0.47 dividend per share. The dividend is an increase from the previous quarterly payout of $0.46 by Trinity Capital. This dividend became payable on Thursday, 30th March. The yield is 16.51%. This dividend represents $1.88 on an annualized base. Trinity Capital's current dividend payout ratio stands at -3,133.33%.
Trinity Capital Inc. is a company that specializes in business development. This venture capital company specializes in providing venture debt financing to companies at growth stages looking for equipment or loans. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
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