11,192 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,192 shares of the company’s stock, valued at approximately $162,000.

A number of other large investors have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Trinity Capital during the 2nd quarter valued at about $386,000. Millennium Management LLC boosted its holdings 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 buying an additional 212,353 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Trinity Capital by 9.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 22,798 shares of the company’s stock worth $309,000 after buying an additional 1,983 shares during the period. Blue Trust Inc. increased its stake in shares of Trinity Capital by 522.1% in the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Trinity Capital by 26.2% during the 3rd quarter. Private Advisor Group LLC now owns 18,409 shares of the company’s stock valued at $250,000 after acquiring an additional 3,819 shares during the period. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Trading Down 0.5 %

NASDAQ TRIN opened at $14.93 on Thursday. 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 52 week low of $13.05 and a 52 week high of $15.26. The business has a 50 day moving average price of $14.54 and a 200-day moving average price of $14.20. The company has a market cap of $879.47 million, a price-to-earnings ratio of 8.73 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The firm had revenue of $61.77 million for the quarter, compared to the consensus estimate of $55.82 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, equities analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 13.66%. Trinity Capital’s dividend payout ratio (DPR) is currently 119.30%.

Analyst Ratings Changes

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

Insider Activity at Trinity Capital

In other Trinity Capital news, Director Ronald E. Estes acquired 2,000 shares of Trinity Capital stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $13.59 per share, for a total transaction of $27,180.00. Following the purchase, the director now directly owns 25,836 shares of the company’s stock, valued at $351,111.24. This trade represents a 8.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Steve Louis Brown bought 19,350 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost 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 in the company, valued at approximately $9,475,027.84. The trade was a 2.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 29,702 shares of company stock valued at $392,696. 6.38% of the stock is owned by insiders.

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.