GSA Capital Partners LLP Invests $395,000 in Trinity Capital Inc. (NASDAQ:TRIN)

GSA Capital Partners LLP bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,102 shares of the company’s stock, valued at approximately $395,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new stake in shares of Trinity Capital in the first quarter valued at about $543,000. Kennedy Capital Management LLC purchased a new stake in shares of Trinity Capital in the 1st quarter valued at about $2,022,000. 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 acquiring an additional 82,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Trinity Capital by 37.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after acquiring an additional 55,131 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Trinity Capital by 14.3% in the third quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock worth $17,902,000 after buying an additional 162,905 shares during the period. Institutional investors own 24.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their price objective 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.

Trinity Capital Stock Up 0.1 %

TRIN stock opened at $14.26 on Friday. The stock has a market cap of $840.06 million, a P/E ratio of 8.34 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. The business’s 50-day moving average price is $13.88 and its 200-day moving average price is $14.25. Trinity Capital Inc. has a twelve month low of $13.05 and a twelve month high of $15.44.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 14.31%. The ex-dividend date was Monday, September 30th. Trinity Capital’s payout ratio is presently 119.30%.

Insiders Place Their Bets

In other Trinity Capital news, Chairman Steve Louis Brown bought 19,350 shares of Trinity Capital stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of $13.12 per share, with a total value of $253,872.00. Following the transaction, the chairman now directly owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. This represents a 2.75 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kyle Steven Brown acquired 7,562 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $13.39 per share, with a total value of $101,255.18. Following the completion of the transaction, the chief executive officer now directly owns 964,832 shares in the company, valued at $12,919,100.48. The trade was a 0.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 31,202 shares of company stock valued at $413,666 in the last three months. Corporate insiders own 6.38% of the company’s stock.

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.