Investors Buy Large Volume of Trinity Capital Put Options (NASDAQ:TRIN)

Trinity Capital Inc. (NASDAQ:TRIN) saw unusually large options trading on Monday. Stock traders bought 3,038 put options on the company. This represents an increase of 490% compared to the average volume of 515 put options.

Institutional Investors Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in shares of Trinity Capital by 1.1% in the fourth quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock valued at $980,000 after acquiring an additional 754 shares during the period. First Commonwealth Financial Corp PA lifted its stake in Trinity Capital by 3.4% in the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after purchasing an additional 799 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Trinity Capital by 2.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock valued at $516,000 after purchasing an additional 889 shares during the period. Graham Capital Management L.P. grew its position in shares of Trinity Capital by 10.7% during the 4th quarter. Graham Capital Management L.P. now owns 11,234 shares of the company’s stock valued at $165,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Canton Hathaway LLC increased its holdings in shares of Trinity Capital by 1.4% in the second quarter. Canton Hathaway LLC now owns 96,571 shares of the company’s stock worth $1,359,000 after purchasing an additional 1,315 shares during the period. 24.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citizens Jmp set a $17.50 price objective on shares of Trinity Capital in a research report on Monday, December 8th. Capital One Financial set a $17.00 price target on shares of Trinity Capital in a report on Thursday, December 11th. Loop Capital set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. Clear Str raised Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Citigroup reissued an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trinity Capital currently has an average rating of “Moderate Buy” and a consensus target price of $16.29.

Trinity Capital Price Performance

Shares of TRIN stock opened at $15.02 on Wednesday. Trinity Capital has a 1 year low of $12.50 and a 1 year high of $17.20. The company’s fifty day simple moving average is $15.74 and its two-hundred day simple moving average is $15.48. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 6.86 and a beta of 0.53.

Trinity Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 13.6%. Trinity Capital’s dividend payout ratio (DPR) is currently 93.15%.

Trinity Capital Company Profile

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.