Trinity Capital Inc. $TRIN Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in Trinity Capital Inc. (NASDAQ:TRIN) by 100.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,244 shares of the company’s stock after buying an additional 32,122 shares during the period. Sei Investments Co. owned about 0.07% of Trinity Capital worth $945,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Trinity Capital during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new position in Trinity Capital in the 4th quarter worth about $27,000. Fifth Third Bancorp purchased a new position in Trinity Capital during the first quarter worth approximately $37,000. JPMorgan Chase & Co. purchased a new position in Trinity Capital during the second quarter worth approximately $54,000. Finally, Allworth Financial LP grew its holdings in Trinity Capital by 54.5% in the fourth quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock valued at $88,000 after purchasing an additional 2,131 shares during the period. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $18.29 on Thursday. Trinity Capital Inc. has a one year low of $14.13 and a one year high of $18.46. The stock has a market cap of $1.73 billion, a PE ratio of 9.68 and a beta of 0.61. The stock has a 50 day moving average price of $17.44 and a 200 day moving average price of $16.35.

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s payout ratio is currently 116.57%.

Analyst Ratings Changes

A number of analysts have recently commented on TRIN shares. Wells Fargo & Company boosted their price objective on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods increased their target price on Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Insider Activity at Trinity Capital

In other news, CEO Kyle Steven Brown purchased 2,296 shares of the stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $18.04 per share, with a total value of $41,419.84. Following the transaction, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. The trade was a 0.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.25% of the stock is currently owned by corporate insiders.

Trinity Capital Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.