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

Blue Trust Inc. raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 27.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,814 shares of the company’s stock after acquiring 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.

Several other large investors also recently added to or reduced their stakes in the business. Quarry LP lifted its stake in shares of Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares during the last quarter. McIlrath & Eck LLC bought a new position in Trinity Capital during the third quarter valued at about $57,000. Trust Co. of Vermont acquired a new stake in shares of Trinity Capital in the fourth quarter worth about $101,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $152,000 after acquiring an additional 918 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in shares of Trinity Capital by 12.9% during the 3rd quarter. PFG Investments LLC now owns 12,326 shares of the company’s stock valued at $167,000 after acquiring an additional 1,411 shares during the last quarter. 24.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Trinity Capital Stock Performance

Shares of TRIN opened at $15.98 on Thursday. The company has a market capitalization of $941.38 million, a PE ratio of 9.35 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $16.00. The company’s fifty day moving average price is $14.65 and its 200 day moving average price is $14.25.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.77%. Trinity Capital’s payout ratio 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.