Ares Management LLC Has $7.65 Million Stock Position in Trinity Capital Inc. (OTCMKTS:TRIN)

Ares Management LLC lifted its stake in Trinity Capital Inc. (OTCMKTS:TRIN) by 77.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 528,136 shares of the company’s stock after acquiring an additional 230,243 shares during the quarter. Trinity Capital makes up approximately 0.3% of Ares Management LLC’s investment portfolio, making the stock its 22nd largest position. Ares Management LLC’s holdings in Trinity Capital were worth $7,647,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC acquired a new position in Trinity Capital during the second quarter worth approximately $12,773,000. Stifel Financial Corp increased its position in Trinity Capital by 80.9% during the second quarter. Stifel Financial Corp now owns 296,837 shares of the company’s stock worth $4,298,000 after buying an additional 132,721 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Trinity Capital by 32.6% during the second quarter. Rockefeller Capital Management L.P. now owns 639,793 shares of the company’s stock worth $9,264,000 after buying an additional 157,228 shares during the last quarter. FJ Capital Management LLC increased its position in Trinity Capital by 11.9% during the second quarter. FJ Capital Management LLC now owns 100,000 shares of the company’s stock worth $1,446,000 after buying an additional 10,600 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Trinity Capital during the second quarter worth approximately $292,000. 26.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Trinity Capital stock traded up $0.31 on Thursday, hitting $16.30. The stock had a trading volume of 60,149 shares, compared to its average volume of 78,568. Trinity Capital Inc. has a twelve month low of $13.46 and a twelve month high of $16.89. The business’s 50 day moving average is $15.81 and its two-hundred day moving average is $15.00. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.12. The stock has a market cap of $432.85 million and a price-to-earnings ratio of 12.64.

Trinity Capital (OTCMKTS:TRIN) last posted its earnings results on Thursday, August 5th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The company had revenue of $19.48 million for the quarter, compared to the consensus estimate of $17.78 million. Trinity Capital had a return on equity of 11.48% and a net margin of 109.78%. As a group, equities analysts predict that Trinity Capital Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be paid a $0.33 dividend. This is a boost from Trinity Capital’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a dividend yield of 8.10%. The ex-dividend date is Wednesday, September 29th. Trinity Capital’s payout ratio is 102.33%.

A number of equities analysts have weighed in on TRIN shares. Wells Fargo & Company boosted their price target on Trinity Capital from $15.50 to $15.75 and gave the stock an “overweight” rating in a research report on Monday, August 9th. Zacks Investment Research downgraded Trinity Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Trinity Capital has a consensus rating of “Buy” and an average target price of $16.50.

In related news, CFO David Michael Lund purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 23rd. The stock was acquired at an average cost of $14.99 per share, for a total transaction of $52,465.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Inc 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 Chandler, Arizona.

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Institutional Ownership by Quarter for Trinity Capital (OTCMKTS:TRIN)

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