Blue Trust Inc. Has $109,000 Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Blue Trust Inc. increased its position in Trinity Capital Inc. (NASDAQ:TRIN) by 522.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,714 shares of the company’s stock after buying an additional 6,474 shares during the period. Blue Trust Inc.’s holdings in Trinity Capital were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRIN. Van ECK Associates Corp boosted its position in shares of Trinity Capital by 14.5% in the first quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock valued at $13,377,000 after acquiring an additional 115,134 shares during the period. Cetera Advisors LLC bought a new stake in Trinity Capital in the 1st quarter valued at $543,000. Kennedy Capital Management LLC bought a new stake in Trinity Capital in the 1st quarter valued at $2,022,000. Quantbot Technologies LP grew its position in Trinity Capital by 77.0% in the 1st quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after purchasing an additional 17,068 shares during the last quarter. Finally, Millennium Management LLC increased 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 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 Up 1.6 %

Shares of TRIN opened at $13.88 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. The company has a 50-day simple moving average of $13.92 and a 200-day simple moving average of $14.34. Trinity Capital Inc. has a 52 week low of $13.27 and a 52 week high of $15.44. The firm has a market capitalization of $740.78 million, a P/E ratio of 8.26 and a beta of 0.55.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. The firm had revenue of $54.64 million during the quarter, compared to the consensus estimate of $53.17 million. During the same quarter in the prior year, the business posted $0.58 EPS. On average, equities research analysts expect that Trinity Capital Inc. will post 2.08 earnings per share for the current year.

Trinity Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.70%. Trinity Capital’s dividend payout ratio (DPR) is currently 121.43%.

Insiders Place Their Bets

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $14.15 per share, with a total value of $49,525.00. Following the completion of the purchase, the chief executive officer now directly owns 975,298 shares in the company, valued at $13,800,466.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 5,597 shares of company stock worth $78,913 over the last 90 days. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital 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.