Blue Trust Inc. Reduces Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Blue Trust Inc. decreased its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 38.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,720 shares of the company’s stock after selling 2,994 shares during the period. Blue Trust Inc.’s holdings in Trinity Capital were worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP raised its stake in Trinity Capital by 1,053.0% during the third quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after purchasing an additional 3,380 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Trinity Capital in the third quarter worth about $57,000. Trust Co. of Vermont acquired a new position in Trinity Capital during the 4th quarter worth approximately $101,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Trinity Capital during the fourth quarter worth $152,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after purchasing an additional 918 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company restated 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 Stock Performance

Shares of TRIN opened at $15.93 on Tuesday. Trinity Capital Inc. has a 12-month low of $13.05 and a 12-month high of $16.26. The business’s fifty day moving average price is $15.04 and its 200 day moving average price is $14.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a market capitalization of $938.37 million, a PE ratio of 9.32 and a beta of 0.56.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued 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 yield of 12.81%. Trinity Capital’s dividend payout ratio is currently 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.