SMH Capital Advisors Inc. Acquires 22,190 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

SMH Capital Advisors Inc. raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 89.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,081 shares of the company’s stock after purchasing an additional 22,190 shares during the quarter. Trinity Capital comprises approximately 2.0% of SMH Capital Advisors Inc.’s portfolio, making the stock its 9th largest holding. SMH Capital Advisors Inc.’s holdings in Trinity Capital were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRIN. International Assets Investment Management LLC purchased a new position in Trinity Capital in the 2nd quarter valued at $35,000. Blue Trust Inc. boosted its holdings in shares of Trinity Capital by 522.1% in the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Trinity Capital in the first quarter valued at about $150,000. MQS Management LLC acquired a new position in shares of Trinity Capital during the second quarter worth about $152,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after purchasing an additional 918 shares in the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Price Performance

Trinity Capital stock opened at $14.30 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $15.44. The company has a market cap of $842.41 million, a P/E ratio of 8.36 and a beta of 0.55. The business has a fifty day moving average of $13.86 and a two-hundred day moving average of $14.25.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.27%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s dividend payout ratio is currently 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their price objective on Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown purchased 7,562 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $13.39 per share, with a total value of $101,255.18. Following the purchase, the chief executive officer now directly owns 964,832 shares of the company’s stock, valued at $12,919,100.48. This represents a 0.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Steve Louis Brown acquired 19,350 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average cost of $13.12 per share, for a total transaction of $253,872.00. Following the completion of the purchase, the chairman now owns 722,182 shares in the company, valued at $9,475,027.84. The trade was a 2.75 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 31,799 shares of company stock worth $422,083. 6.38% of the stock is owned by company insiders.

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.