Trinity Capital Inc. (NASDAQ:TRIN) Sees Large Increase in Short Interest

21 Apr 2025, 15:16 by Scott Moore · The Cerbat Gem

Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,370,000 shares, a growth of 26.9% from the March 15th total of 1,080,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 605,400 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Trading of Trinity Capital

Several institutional investors and hedge funds have recently modified their holdings of TRIN. Wells Fargo & Company MN boosted its position in Trinity Capital by 652.3% in the fourth quarter. Wells Fargo & Company MN now owns 243,414 shares of the company’s stock valued at $3,522,000 after buying an additional 211,060 shares in the last quarter. Round Rock Advisors LLC bought a new position in shares of Trinity Capital in the 4th quarter valued at $2,772,000. Trexquant Investment LP boosted its holdings in shares of Trinity Capital by 421.3% during the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company’s stock valued at $3,266,000 after acquiring an additional 182,414 shares in the last quarter. GraniteShares Advisors LLC acquired a new position in Trinity Capital in the 4th quarter worth about $2,469,000. Finally, Sovereign s Capital Management LLC bought a new position in Trinity Capital in the fourth quarter valued at about $2,157,000. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Performance

NASDAQ TRIN traded down $0.38 during trading on Monday, reaching $13.94. The company’s stock had a trading volume of 357,615 shares, compared to its average volume of 522,725. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $16.82. The firm has a 50 day moving average price of $15.44 and a 200 day moving average price of $14.76. The firm has a market capitalization of $875.86 million, a price-to-earnings ratio of 8.15 and a beta of 0.56. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN – Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to analyst estimates of $64.13 million. As a group, equities analysts anticipate that Trinity Capital will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.63%. The ex-dividend date was Monday, March 31st. Trinity Capital’s dividend payout ratio is presently 99.03%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRIN. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods increased their price target on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their price target on Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Thursday.

Read Our Latest Stock Report on Trinity Capital

Trinity Capital Company Profile

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