Blue Trust Inc. Has $133,000 Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Blue Trust Inc. boosted its stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,814 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Blue Trust Inc.’s holdings in Trinity Capital were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in shares of 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 buying an additional 212,353 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Trinity Capital in the 2nd quarter worth approximately $386,000. Cornerstone Wealth Management LLC grew its holdings in shares of Trinity Capital by 9.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 22,798 shares of the company’s stock worth $309,000 after purchasing an additional 1,983 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Trinity Capital by 26.2% during the third quarter. Private Advisor Group LLC now owns 18,409 shares of the company’s stock valued at $250,000 after purchasing an additional 3,819 shares during the period. Finally, International Assets Investment Management LLC raised its stake 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 purchasing an additional 31,425 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Trinity Capital Stock Up 3.2 %

Shares of TRIN opened at $15.98 on Thursday. 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 has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $14.25. The stock has a market cap of $941.38 million, a price-to-earnings ratio of 9.35 and a beta of 0.56. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $16.00.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.51 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 12.77%. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

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.