Van ECK Associates Corp Has $20.11 Million Stake in Trinity Capital Inc. (NASDAQ:TRIN)

Van ECK Associates Corp boosted its position in shares of Trinity Capital Inc. (NASDAQ:TRIN - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,389,788 shares of the company's stock after purchasing an additional 88,698 shares during the quarter. Van ECK Associates Corp owned approximately 2.36% of Trinity Capital worth $20,110,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital in the 4th quarter worth about $152,000. Round Rock Advisors LLC acquired a new stake in Trinity Capital during the 4th quarter valued at approximately $2,772,000. Chicago Partners Investment Group LLC grew its stake in Trinity Capital by 31.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company's stock valued at $1,261,000 after purchasing an additional 21,154 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Trinity Capital during the 4th quarter valued at approximately $162,000. Finally, Blue Trust Inc. grew its position in shares of Trinity Capital by 27.2% in the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company's stock worth $133,000 after acquiring an additional 2,100 shares in the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Trading Up 0.2 %

Shares of Trinity Capital stock traded up $0.03 on Tuesday, reaching $15.88. 322,723 shares of the company were exchanged, compared to its average volume of 529,376. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $16.12. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $935.20 million, a price-to-earnings ratio of 9.29 and a beta of 0.56. The stock has a fifty day moving average price of $14.88 and a 200-day moving average price of $14.32.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a yield of 12.85%. Trinity Capital's dividend payout ratio (DPR) is currently 119.30%.

Analyst Ratings Changes

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