State Street Corp Has $861,000 Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

State Street Corp increased its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,170 shares of the company’s stock after buying an additional 1,936 shares during the period. State Street Corp owned 0.10% of Trinity Capital worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of 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 acquiring an additional 162,905 shares during the period. Emerald Advisers LLC lifted its stake in Trinity Capital by 11.3% in the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock valued at $10,923,000 after purchasing an additional 82,001 shares during the last quarter. Stifel Financial Corp grew its holdings in Trinity Capital by 1.1% during the third quarter. Stifel Financial Corp now owns 423,341 shares of the company’s stock worth $5,745,000 after purchasing an additional 4,778 shares during the period. Millennium Management LLC increased its position in 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 during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Trinity Capital by 37.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after buying an additional 55,131 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.61 on Friday. Trinity Capital Inc. has a 52-week low of $13.05 and a 52-week high of $15.26. The stock has a market cap of $860.62 million, a PE ratio of 8.54 and a beta of 0.56. The firm has a 50-day moving average of $14.25 and a 200-day moving average of $14.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Trinity Capital’s dividend payout ratio is presently 119.30%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Kyle Steven Brown bought 7,562 shares of the company’s stock in a transaction dated 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 completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ronald E. Estes bought 2,000 shares of Trinity Capital stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $13.59 per share, with a total value of $27,180.00. Following the transaction, the director now owns 25,836 shares of the company’s stock, valued at $351,111.24. This trade represents a 8.39 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 29,702 shares of company stock valued at $392,696. 6.38% of the stock is owned by insiders.

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.