Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,173 shares of the company’s stock after purchasing an additional 918 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Trinity Capital were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Advisors LLC purchased a new stake in shares of Trinity Capital in the first quarter valued at approximately $543,000. Kennedy Capital Management LLC acquired a new position in shares of Trinity Capital during the 1st quarter worth $2,022,000. Quantbot Technologies LP increased its holdings in shares of Trinity Capital by 77.0% in the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock valued at $576,000 after purchasing an additional 17,068 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 55,131 shares during the period. Finally, Millennium Management LLC boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Trading Down 1.5 %

Shares of TRIN stock opened at $14.06 on Wednesday. The stock has a market cap of $828.27 million, a P/E ratio of 8.22 and a beta of 0.55. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. The business has a fifty day simple moving average of $13.83 and a 200-day simple moving average of $14.27.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.51%. The ex-dividend date was Monday, September 30th. Trinity Capital’s payout ratio is currently 119.30%.

Insider Buying and Selling at Trinity Capital

In related news, CEO Kyle Steven Brown acquired 7,562 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $13.39 per share, for a total transaction of $101,255.18. Following the transaction, the chief executive officer now directly owns 964,832 shares of the company’s stock, valued at approximately $12,919,100.48. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ronald E. Estes purchased 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $13.59 per share, for a total transaction of $27,180.00. Following the completion of the acquisition, the director now directly owns 25,836 shares in the company, valued at $351,111.24. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kyle Steven Brown acquired 7,562 shares of Trinity Capital stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $13.39 per share, for a total transaction of $101,255.18. Following the purchase, the chief executive officer now directly owns 964,832 shares of the company’s stock, valued at approximately $12,919,100.48. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 31,799 shares of company stock valued at $422,083 over the last quarter. Corporate insiders own 6.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

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.