Rockefeller Capital Management L.P. Lowers Position in Trinity Capital Inc. (NASDAQ:TRIN)

Rockefeller Capital Management L.P. reduced its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 772,216 shares of the company’s stock after selling 4,507 shares during the period. Rockefeller Capital Management L.P. owned approximately 1.31% of Trinity Capital worth $10,479,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in shares of Trinity Capital during the 1st quarter worth approximately $543,000. Emerald Advisers LLC raised its position in Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in 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 acquiring an additional 55,131 shares during the period. Van ECK Associates Corp boosted its position in shares of Trinity Capital by 14.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock worth $17,902,000 after purchasing an additional 162,905 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Trinity Capital by 527.8% during the 2nd quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after purchasing an additional 212,353 shares during the period. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Performance

Shares of TRIN stock opened at $14.44 on Tuesday. The stock has a fifty day moving average price of $13.93 and a 200 day moving average price of $14.22. 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 $850.66 million, a PE ratio of 8.44 and a beta of 0.55. Trinity Capital Inc. has a 1 year low of $13.05 and a 1 year high of $15.44.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

Insider Activity 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 0.79 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald E. Estes bought 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were bought at an average price of $13.59 per share, for a total transaction of $27,180.00. Following the acquisition, the director now owns 25,836 shares in the company, valued at $351,111.24. The trade was a 8.39 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 29,702 shares of company stock valued at $392,696. Insiders own 6.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reiterated an “underweight” rating and issued a $13.00 price objective on shares of Trinity Capital in a research note on Monday.

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.