Beacon Pointe Advisors LLC Makes New $737,000 Investment in Trinity Capital Inc. $TRIN

Beacon Pointe Advisors LLC purchased a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 52,400 shares of the company’s stock, valued at approximately $737,000.

Several other large investors also recently made changes to their positions in the business. Quantbot Technologies LP raised its holdings in shares of Trinity Capital by 322.3% in the 2nd quarter. Quantbot Technologies LP now owns 155,851 shares of the company’s stock worth $2,193,000 after purchasing an additional 118,942 shares in the last quarter. Financial Advocates Investment Management bought a new stake in Trinity Capital during the second quarter worth approximately $215,000. Advisors Asset Management Inc. grew its position in Trinity Capital by 40.3% in the second quarter. Advisors Asset Management Inc. now owns 268,699 shares of the company’s stock worth $3,781,000 after buying an additional 77,170 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Trinity Capital by 53.3% in the second quarter. Franklin Resources Inc. now owns 507,169 shares of the company’s stock valued at $7,136,000 after buying an additional 176,284 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Trinity Capital during the 2nd quarter valued at $54,000. Institutional investors own 24.62% of the company’s stock.

Insider Buying and Selling at Trinity Capital

In related news, Director Ronald E. Estes purchased 2,000 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $14.44 per share, for a total transaction of $28,880.00. Following the acquisition, the director directly owned 38,779 shares in the company, valued at approximately $559,968.76. The trade was a 5.44% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Steve Louis Brown purchased 2,137 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $14.52 per share, for a total transaction of $31,029.24. Following the completion of the purchase, the chairman directly owned 820,603 shares of the company’s stock, valued at $11,915,155.56. The trade was a 0.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 22,657 shares of company stock valued at $333,779 in the last quarter. Company insiders own 6.38% of the company’s stock.

Trinity Capital Trading Up 0.8%

Shares of NASDAQ TRIN opened at $14.92 on Monday. Trinity Capital Inc. has a one year low of $12.50 and a one year high of $16.82. The business has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $15.05. The firm has a market capitalization of $1.13 billion, a PE ratio of 6.81 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $75.55 million for the quarter, compared to the consensus estimate of $74.31 million. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%. Research analysts anticipate that Trinity Capital Inc. will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.51 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.04 dividend on an annualized basis and a yield of 13.7%. Trinity Capital’s dividend payout ratio is presently 93.15%.

Wall Street Analysts Forecast Growth

TRIN has been the topic of a number of recent research reports. UBS Group decreased their target price on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Wells Fargo & Company reiterated an “underweight” rating and issued a $13.50 price target (up previously from $13.00) on shares of Trinity Capital in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trinity Capital currently has a consensus rating of “Hold” and an average target price of $15.63.

Trinity Capital Company Profile

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.