Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $16.00 and last traded at $15.98, with a volume of 1144933 shares. The stock had previously closed at $15.48.
Analysts Set New Price Targets
Separately, Wells Fargo & Company reissued an "underweight" rating and set a $13.00 target price on shares of Trinity Capital in a research report on Monday, December 2nd.
Read Our Latest Stock Analysis on TRIN
Trinity Capital Trading Down 0.4 %
The firm has a market capitalization of $939.03 million, a PE ratio of 9.32 and a beta of 0.56. 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 company's 50-day simple moving average is $14.71 and its 200 day simple moving average is $14.27.
Trinity Capital Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.80%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is presently 119.30%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its position in Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company's stock worth $50,000 after purchasing an additional 3,380 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Trinity Capital during the third quarter worth $57,000. Trust Co. of Vermont acquired a new stake in Trinity Capital during the fourth quarter valued at $101,000. Blue Trust Inc. increased its holdings in Trinity Capital by 522.1% in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Trinity Capital by 9.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company's stock worth $152,000 after acquiring an additional 918 shares during the period. Hedge funds and other institutional investors own 24.62% of the company's stock.
Trinity Capital Company Profile
(
Get Free Report)
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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