Union Bancaire Privee UBP SA Makes New Investment in Trinity Capital Inc. (NASDAQ:TRIN)

Union Bancaire Privee UBP SA acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,192 shares of the company’s stock, valued at approximately $162,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its position in shares of Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after buying an additional 3,380 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Trinity Capital during the third quarter valued at approximately $57,000. Trust Co. of Vermont bought a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $101,000. Blue Trust Inc. boosted its holdings in shares of Trinity Capital by 522.1% in the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock worth $109,000 after purchasing an additional 6,474 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after purchasing an additional 918 shares during the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Stock Performance

Trinity Capital stock opened at $15.74 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $927.18 million, a P/E ratio of 9.20 and a beta of 0.56. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $16.26. The company’s 50-day moving average is $15.07 and its 200 day moving average is $14.39.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 12.96%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s dividend payout ratio is currently 119.30%.

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 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.