Trinity Capital Inc. (NASDAQ:TRIN) Holdings Reduced by Blue Trust Inc.

Blue Trust Inc. lowered its stake in Trinity Capital Inc. (NASDAQ:TRIN) by 38.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,720 shares of the company’s stock after selling 2,994 shares during the quarter. Blue Trust Inc.’s holdings in Trinity Capital were worth $68,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Emerald Advisers LLC raised its stake in shares of Trinity Capital by 11.3% in the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after buying an additional 82,001 shares in the last quarter. State Street Corp raised its position in Trinity Capital by 3.3% in the third quarter. State Street Corp now owns 61,170 shares of the company’s stock worth $861,000 after acquiring an additional 1,936 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Trinity Capital by 31.5% in the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock valued at $1,261,000 after acquiring an additional 21,154 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock worth $17,902,000 after purchasing an additional 162,905 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Trinity Capital by 1,257.0% in the 3rd quarter. International Assets Investment Management LLC now owns 33,925 shares of the company’s stock worth $460,000 after purchasing an additional 31,425 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Trading Up 0.6 %

NASDAQ:TRIN opened at $15.93 on Tuesday. The stock has a fifty day simple moving average of $15.04 and a 200 day simple moving average of $14.39. The firm has a market capitalization of $938.37 million, a price-to-earnings ratio of 9.32 and a beta of 0.56. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $16.26. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.