GraniteShares Advisors LLC Makes New Investment in Trinity Capital Inc. (NASDAQ:TRIN)

GraniteShares Advisors 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 Securities and Exchange Commission. The fund acquired 170,627 shares of the company’s stock, valued at approximately $2,469,000. Trinity Capital comprises approximately 1.6% of GraniteShares Advisors LLC’s portfolio, making the stock its 25th biggest holding.

A number of other large investors have also added to or reduced their stakes in TRIN. Quarry LP increased its position in shares of Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Trinity Capital during the 3rd quarter valued at approximately $57,000. Trust Co. of Vermont bought a new position in shares of Trinity Capital during the 4th quarter valued at approximately $101,000. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 6,474 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of 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 purchasing an additional 918 shares during the last quarter. Institutional investors own 24.62% of the company’s stock.

Analyst Ratings Changes

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

Trinity Capital Stock Performance

Shares of Trinity Capital stock opened at $15.74 on Wednesday. The stock’s fifty day moving average is $15.07 and its two-hundred day moving average is $14.39. The company has a market capitalization of $927.18 million, a PE ratio of 9.20 and a beta of 0.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. 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. Shareholders of record on Tuesday, December 31st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 12.96%. The ex-dividend date was Tuesday, December 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

About Trinity Capital

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.