XTX Topco Ltd Makes New $532,000 Investment in Trinity Capital Inc. (NASDAQ:TRIN)

XTX Topco Ltd bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,206 shares of the company's stock, valued at approximately $532,000. XTX Topco Ltd owned 0.07% of Trinity Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Emerald Advisers LLC lifted its position in shares of Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company's stock valued at $10,923,000 after acquiring an additional 82,001 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Trinity Capital by 37.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company's stock valued at $2,734,000 after purchasing an additional 55,131 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Trinity Capital by 14.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company's stock worth $17,902,000 after purchasing an additional 162,905 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Trinity Capital by 527.8% during the second quarter. Millennium Management LLC now owns 252,587 shares of the company's stock worth $3,572,000 after buying an additional 212,353 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Trinity Capital by 1,257.0% in the third quarter. International Assets Investment Management LLC now owns 33,925 shares of the company's stock valued at $460,000 after buying an additional 31,425 shares during the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Trading Up 1.7 %

NASDAQ:TRIN traded up $0.24 on Friday, hitting $14.60. 635,896 shares of the stock were exchanged, compared to its average volume of 492,356. The stock has a market cap of $860.09 million, a PE ratio of 8.54 and a beta of 0.56. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. 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 stock has a fifty day moving average of $14.04 and a 200-day moving average of $14.20.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 13.97%. The ex-dividend date of this dividend is Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is presently 119.30%.

Insider Activity at Trinity Capital

In related news, Chairman Steve Louis Brown acquired 19,350 shares of the business's stock in a transaction on Monday, November 4th. The shares were bought at an average cost of $13.12 per share, with a total value of $253,872.00. Following the completion of the transaction, the chairman now directly owns 722,182 shares of the company's stock, valued at $9,475,027.84. This trade represents a 2.75 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kyle Steven Brown acquired 7,562 shares of Trinity Capital stock in a transaction on Friday, November 1st. The shares were bought at an average price of $13.39 per share, for a total transaction of $101,255.18. Following the purchase, the chief executive officer now owns 964,832 shares of the company's stock, valued at $12,919,100.48. This represents a 0.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 29,702 shares of company stock worth $392,696. Company insiders own 6.38% of the company's stock.

Analysts Set New Price Targets

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