10,294 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,294 shares of the company’s stock, valued at approximately $152,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake 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 last quarter. Emerald Advisers LLC increased its stake in Trinity Capital by 11.3% in the third 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 in the last quarter. Stifel Financial Corp raised its holdings in Trinity Capital by 1.1% in 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. Hennion & Walsh Asset Management Inc. boosted its position in shares of Trinity Capital by 10.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 222,351 shares of the company’s stock worth $3,217,000 after purchasing an additional 20,842 shares in the last quarter. Finally, Round Rock Advisors LLC acquired a new position in shares of Trinity Capital in the 4th quarter valued at $2,772,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Price Performance

NASDAQ TRIN opened at $15.76 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $928.42 million, a price-to-earnings ratio of 9.22 and a beta of 0.56. The business has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $14.31. Trinity Capital Inc. has a 52-week low of $13.05 and a 52-week high of $16.12.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s dividend payout ratio is 119.30%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and set a $13.00 price objective 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.