10,885 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Purchased by Colonial River Investments LLC

Colonial River Investments LLC acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,885 shares of the company’s stock, valued at approximately $158,000.

A number of other large investors have also modified their holdings of TRIN. Quarry LP increased its holdings in shares of Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares during the period. McIlrath & Eck LLC acquired a new position in Trinity Capital during the 3rd quarter valued at about $57,000. Trust Co. of Vermont acquired a new position in Trinity Capital during the 4th quarter valued at about $101,000. Blue Trust Inc. increased its stake in Trinity Capital by 522.1% during the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after buying an additional 6,474 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after buying an additional 918 shares during the period. Institutional investors and hedge funds own 24.62% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reissued an “underweight” rating and set a $13.00 target price on shares of Trinity Capital in a research note on Monday, December 2nd.

Trinity Capital Stock Up 0.6 %

Trinity Capital stock opened at $15.93 on Tuesday. The stock has a market cap of $938.37 million, a price-to-earnings ratio of 9.32 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. The company’s 50-day moving average price is $15.04 and its two-hundred day moving average price is $14.39. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $16.26.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 12.81%. Trinity Capital’s dividend payout ratio is currently 119.30%.

Trinity Capital 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.