Shares of Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $16.15 and last traded at $16.12, with a volume of 266886 shares trading hands. The stock had previously closed at $16.00.
Analyst Ratings Changes
Separately, Wells Fargo & Company reiterated an "underweight" rating and set a $13.00 price target on shares of Trinity Capital in a research note on Monday, December 2nd.
Get Our Latest Analysis on Trinity Capital
Trinity Capital Stock Down 1.2 %
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 capitalization of $932.55 million, a PE ratio of 9.26 and a beta of 0.56. The firm's fifty day moving average is $15.01 and its 200-day moving average is $14.38.
Trinity Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is 119.30%.
Hedge Funds Weigh In On Trinity Capital
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Trinity Capital by 652.3% in the fourth quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after buying an additional 211,060 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in Trinity Capital in the 4th quarter valued at about $2,772,000. Trexquant Investment LP increased its holdings in Trinity Capital by 421.3% during the 4th quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock valued at $3,266,000 after acquiring an additional 182,414 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $2,469,000. Finally, Van ECK Associates Corp raised its position in 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 during the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.
About Trinity Capital
(
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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.
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