27,147 Shares in Trinity Capital Inc. $TRIN Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in Trinity Capital Inc. (NASDAQ:TRIN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,147 shares of the company’s stock, valued at approximately $486,000.

A number of other hedge funds have also added to or reduced their stakes in TRIN. Melia Wealth LLC bought a new stake in shares of Trinity Capital during the second quarter valued at about $24,221,000. Corient Private Wealth LP bought a new position in shares of Trinity Capital in the second quarter valued at approximately $2,698,000. Bank of America Corp DE bought a new position in shares of Trinity Capital in the second quarter valued at approximately $491,000. Man Group plc purchased a new position in Trinity Capital during the second quarter valued at approximately $595,000. Finally, Visionary Wealth Advisors bought a new stake in Trinity Capital during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Up 0.4%

NASDAQ:TRIN opened at $18.64 on Tuesday. The stock has a market cap of $1.77 billion, a P/E ratio of 9.86 and a beta of 0.61. The business’s 50-day moving average price is $17.83 and its two-hundred day moving average price is $16.53. Trinity Capital Inc. has a twelve month low of $14.13 and a twelve month high of $18.90.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. On average, equities research analysts expect that Trinity Capital Inc. will post 2.1 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 10th. This represents a c) annualized dividend and a yield of 10.9%. Trinity Capital’s payout ratio is presently 116.57%.

Analyst Ratings Changes

Several analysts have issued reports on TRIN shares. Keefe, Bruyette & Woods increased their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Wells Fargo & Company boosted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown purchased 2,296 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $18.04 per share, with a total value of $41,419.84. Following the purchase, the chief executive officer directly owned 612,262 shares in the company, valued at approximately $11,045,206.48. This represents a 0.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.25% of the stock is currently owned by corporate insiders.

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.