XTX Topco Ltd Purchases Shares of 39,206 Trinity Capital Inc. (NASDAQ:TRIN)

XTX Topco Ltd purchased a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,206 shares of the company’s stock, valued at approximately $532,000. XTX Topco Ltd owned approximately 0.07% of Trinity Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in TRIN. International Assets Investment Management LLC purchased a new position in Trinity Capital in the 2nd quarter worth $35,000. Quarry LP grew its stake in shares of Trinity Capital by 1,053.0% during the third quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after buying an additional 3,380 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Trinity Capital by 522.1% in the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock worth $109,000 after buying an additional 6,474 shares during the period. MQS Management LLC bought a new stake in shares of Trinity Capital in the 2nd quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after acquiring an additional 918 shares during the last quarter. 24.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Trinity Capital Price Performance

TRIN stock opened at $14.60 on Friday. The stock has a market capitalization of $860.09 million, a price-to-earnings ratio of 8.54 and a beta of 0.56. The firm’s 50-day moving average price is $14.04 and its two-hundred day moving average price is $14.20. 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 12-month low of $13.05 and a 12-month high of $15.44.

Trinity Capital Dividend Announcement

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

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, Chairman Steve Louis Brown bought 19,350 shares of Trinity Capital stock in a transaction dated Monday, November 4th. The shares were purchased at an average cost of $13.12 per share, with a total value of $253,872.00. Following the completion of the purchase, the chairman now owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. This represents a 2.75 % 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 company’s stock in a transaction that occurred 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 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 disclosure for this purchase can be found here. Insiders acquired 29,702 shares of company stock valued at $392,696 in the last 90 days. 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.