Naviter Wealth LLC Has $689,000 Holdings in Trinity Capital Inc. $TRIN

Naviter Wealth LLC boosted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 285.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,433 shares of the company’s stock after acquiring an additional 33,653 shares during the period. Naviter Wealth LLC’s holdings in Trinity Capital were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Trinity Capital in the fourth quarter valued at about $27,000. MCF Advisors LLC acquired a new position in Trinity Capital in the third quarter valued at about $52,000. JPMorgan Chase & Co. acquired a new position in Trinity Capital in the second quarter valued at about $54,000. BNP Paribas Financial Markets grew its stake in Trinity Capital by 8,783.8% in the third quarter. BNP Paribas Financial Markets now owns 6,041 shares of the company’s stock valued at $94,000 after acquiring an additional 5,973 shares during the period. Finally, Triumph Capital Management acquired a new position in Trinity Capital in the third quarter valued at about $102,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRIN. Citigroup reissued an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Clear Str raised Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. Loop Capital set a $17.00 target price on Trinity Capital in a research note on Thursday, December 11th. Capital One Financial set a $17.00 target price on Trinity Capital in a research note on Thursday, December 11th. Finally, Noble Financial began coverage on Trinity Capital in a research note on Thursday, December 11th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.29.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown purchased 3,532 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $14.16 per share, for a total transaction of $50,013.12. Following the completion of the acquisition, the chief executive officer directly owned 620,709 shares in the company, valued at approximately $8,789,239.44. This trade represents a 0.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Steve Louis Brown purchased 27,109 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average price of $14.75 per share, for a total transaction of $399,857.75. Following the completion of the acquisition, the chairman owned 940,745 shares of the company’s stock, valued at approximately $13,875,988.75. This represents a 2.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 37,682 shares of company stock worth $553,902. Corporate insiders own 5.31% of the company’s stock.

Trinity Capital Price Performance

Shares of Trinity Capital stock opened at $15.07 on Thursday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 7.69 and a beta of 0.55. The stock’s 50-day moving average is $15.17 and its 200-day moving average is $15.20. Trinity Capital Inc. has a one year low of $13.18 and a one year high of $17.20.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $79.83 million. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%. On average, equities analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s payout ratio is 104.08%.

About Trinity Capital

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.