Chicago Partners Investment Group LLC Buys 21,154 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Chicago Partners Investment Group LLC increased its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,311 shares of the company's stock after acquiring an additional 21,154 shares during the quarter. Chicago Partners Investment Group LLC owned approximately 0.15% of Trinity Capital worth $1,261,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Millennium Management LLC increased its stake in Trinity Capital by 527.8% during the 2nd quarter. Millennium Management LLC now owns 252,587 shares of the company's stock valued at $3,572,000 after purchasing an additional 212,353 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Trinity Capital by 14.3% during the third quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company's stock worth $17,902,000 after acquiring an additional 162,905 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Trinity Capital by 11.3% during the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company's stock worth $10,923,000 after acquiring an additional 82,001 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Trinity Capital by 37.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company's stock worth $2,734,000 after acquiring an additional 55,131 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Trinity Capital in the 3rd quarter valued at about $532,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Up 0.2 %

TRIN traded up $0.03 during mid-day trading on Thursday, reaching $16.01. 518,966 shares of the stock were exchanged, compared to its average volume of 562,899. Trinity Capital Inc. has a 1 year low of $13.05 and a 1 year high of $16.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $943.15 million, a PE ratio of 9.36 and a beta of 0.56. The company has a 50 day moving average price of $14.68 and a two-hundred day moving average price of $14.26.

Trinity Capital Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 12.74%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's payout ratio is 119.30%.

Analyst Upgrades and Downgrades

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

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.