Trinity Capital Inc. (NASDAQ:TRIN) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 423,341 shares of the company’s stock after purchasing an additional 4,778 shares during the quarter. Stifel Financial Corp’s holdings in Trinity Capital were worth $5,745,000 as of its most recent filing with the SEC.

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

Trinity Capital Price Performance

TRIN opened at $14.60 on Friday. Trinity Capital Inc. has a twelve month low of $13.05 and a twelve month high of $15.44. The firm has a market cap of $860.09 million, a price-to-earnings ratio of 8.54 and a beta of 0.56. 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 company has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $14.20.

Trinity Capital Dividend Announcement

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

Insider Transactions at Trinity Capital

In other Trinity Capital news, Chairman Steve Louis Brown bought 19,350 shares of Trinity Capital stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $13.12 per share, for a total transaction of $253,872.00. Following the purchase, the chairman now owns 722,182 shares in the company, valued at $9,475,027.84. This represents a 2.75 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kyle Steven Brown purchased 7,562 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $13.39 per share, with a total value of $101,255.18. Following the purchase, the chief executive officer now owns 964,832 shares of the company’s stock, valued at approximately $12,919,100.48. The trade was a 0.79 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 29,702 shares of company stock valued at $392,696. 6.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reiterated an “underweight” rating and issued a $13.00 target price on shares of Trinity Capital in a research note on Monday, December 2nd.

Trinity Capital Company 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.