Trinity Capital Inc. (NASDAQ:TRIN) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,337 shares of the company's stock after buying an additional 32,000 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.12% of Trinity Capital worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TRIN. Blue Trust Inc. increased its holdings in Trinity Capital by 522.1% during the third 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. Private Advisor Group LLC increased its holdings in Trinity Capital by 26.2% during the third quarter. Private Advisor Group LLC now owns 18,409 shares of the company's stock valued at $250,000 after buying an additional 3,819 shares during the period. International Assets Investment Management LLC increased its holdings in Trinity Capital by 1,257.0% during the third quarter. International Assets Investment Management LLC now owns 33,925 shares of the company's stock valued at $460,000 after buying an additional 31,425 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Trinity Capital by 37.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company's stock valued at $2,734,000 after buying an additional 55,131 shares during the period. Finally, Grimes & Company Inc. increased its holdings in Trinity Capital by 145.5% during the third quarter. Grimes & Company Inc. now owns 49,221 shares of the company's stock valued at $668,000 after buying an additional 29,173 shares during the period. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Down 1.2 %

NASDAQ TRIN traded down $0.19 on Friday, hitting $15.83. The stock had a trading volume of 464,075 shares, compared to its average volume of 539,373. The business's fifty day moving average price is $15.01 and its 200 day moving average price is $14.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. Trinity Capital Inc. has a 52-week low of $13.05 and a 52-week high of $16.26. The stock has a market cap of $932.55 million, a price-to-earnings ratio of 9.26 and a beta of 0.56.

Trinity Capital Dividend Announcement

The company also recently declared 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 yield of 12.89%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's dividend payout ratio is currently 119.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $13.00 price target on shares of Trinity Capital in a report on Monday, December 2nd.

Trinity Capital Company 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.