6,950 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by Trust Co. of Vermont

Trust Co. of Vermont bought a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,950 shares of the company’s stock, valued at approximately $101,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP boosted its position in shares of Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after acquiring an additional 3,380 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in Trinity Capital in the third quarter valued at approximately $57,000. Blue Trust Inc. lifted its position in Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after purchasing an additional 6,474 shares during the last quarter. MQS Management LLC purchased a new position in Trinity Capital in the 2nd quarter worth approximately $152,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Trinity Capital by 9.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after buying an additional 918 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN opened at $14.61 on Monday. The stock has a market cap of $860.68 million, a price-to-earnings ratio of 8.54 and a beta of 0.55. The stock’s 50-day moving average is $14.44 and its 200 day moving average is $14.16. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $15.26.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.96%. Trinity Capital’s payout ratio is 119.30%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company restated an “underweight” rating and set a $13.00 price objective on shares of Trinity Capital in a research report on Monday, December 2nd.

Insider Activity

In other Trinity Capital news, Director Ronald E. Estes purchased 2,000 shares of the stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $13.59 per share, with a total value of $27,180.00. Following the completion of the purchase, the director now directly owns 25,836 shares of the company’s stock, valued at approximately $351,111.24. This trade represents a 8.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Steve Louis Brown purchased 19,350 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $13.12 per share, with a total value of $253,872.00. Following the completion of the transaction, the chairman now owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. This trade represents a 2.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 29,702 shares of company stock valued at $392,696. Corporate insiders own 6.38% of the company’s stock.

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.