Round Rock Advisors LLC Purchases New Shares in Trinity Capital Inc. (NASDAQ:TRIN)

Round Rock Advisors LLC purchased a new position in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 191,588 shares of the company's stock, valued at approximately $2,772,000. Round Rock Advisors LLC owned approximately 0.33% of Trinity Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake 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 during the period. Cornerstone Wealth Management LLC increased its position in shares of Trinity Capital by 5.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock valued at $349,000 after acquiring an additional 1,302 shares during the last quarter. PFG Investments LLC increased its position in shares of Trinity Capital by 12.9% during the third quarter. PFG Investments LLC now owns 12,326 shares of the company's stock valued at $167,000 after acquiring an additional 1,411 shares during the last quarter. First Financial Bank Trust Division increased its position in shares of Trinity Capital by 5.0% during the fourth quarter. First Financial Bank Trust Division now owns 38,665 shares of the company's stock valued at $559,000 after acquiring an additional 1,838 shares during the last quarter. Finally, State Street Corp increased its position in shares of Trinity Capital by 3.3% during the third quarter. State Street Corp now owns 61,170 shares of the company's stock valued at $861,000 after acquiring an additional 1,936 shares during the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Trading Up 3.1 %

Shares of TRIN traded up $0.48 during trading on Wednesday, reaching $15.96. 886,668 shares of the company traded hands, compared to its average volume of 552,092. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock has a market cap of $939.91 million, a PE ratio of 9.32 and a beta of 0.56. The stock has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $14.23. Trinity Capital Inc. has a twelve month low of $13.05 and a twelve month high of $15.94.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is currently 119.30%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reiterated an "underweight" rating and set a $13.00 price target on shares of Trinity Capital in a research 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.