Trinity Capital Inc. (NASDAQ:TRIN) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 423,341 shares of the company’s stock after acquiring an additional 4,778 shares during the period. Stifel Financial Corp owned about 0.72% of Trinity Capital worth $5,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TRIN. Quarry LP increased its stake 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 worth $50,000 after purchasing an additional 3,380 shares in the last quarter. Paloma Partners Management Co purchased a new position in Trinity Capital during the third quarter worth $241,000. Quantbot Technologies LP raised its holdings in shares of Trinity Capital by 122.4% in the third quarter. Quantbot Technologies LP now owns 42,912 shares of the company’s stock worth $582,000 after acquiring an additional 23,614 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Trinity Capital in the third quarter worth $173,000. Finally, SMH Capital Advisors Inc. lifted its position in shares of Trinity Capital by 89.1% in the third quarter. SMH Capital Advisors Inc. now owns 47,081 shares of the company’s stock valued at $639,000 after acquiring an additional 22,190 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

Trinity Capital Trading Up 1.7 %

Shares of TRIN opened at $14.60 on Friday. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $15.44. The company has a market capitalization of $860.09 million, a PE ratio of 8.54 and a beta of 0.56. The stock has a fifty day moving average of $14.04 and a two-hundred day moving average of $14.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 13.97%. Trinity Capital’s payout ratio is currently 119.30%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown bought 7,562 shares of the 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 completion of the acquisition, the chief executive officer now owns 964,832 shares in the company, valued at $12,919,100.48. This trade represents a 0.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald E. Estes purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $13.59 per share, for a total transaction of $27,180.00. Following the purchase, the director now 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 29,702 shares of company stock worth $392,696. 6.38% of the stock is owned by company 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.