Legacy Capital Wealth Partners LLC Sells 4,585 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Legacy Capital Wealth Partners LLC reduced its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 4.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 94,385 shares of the company’s stock after selling 4,585 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Trinity Capital were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP boosted its position 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 valued at $50,000 after acquiring an additional 3,380 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Trinity Capital during the 3rd quarter valued at approximately $57,000. Trust Co. of Vermont bought a new position in shares of Trinity Capital during the 4th quarter valued at approximately $101,000. Blue Trust Inc. boosted its position in shares of Trinity Capital by 522.1% during 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Trinity Capital during the 4th quarter valued at $152,000. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $15.85 on Friday. The stock’s fifty day moving average is $14.85 and its 200 day moving average is $14.31. Trinity Capital Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $16.12. The firm has a market capitalization of $933.72 million, a PE ratio of 9.27 and a beta of 0.56. 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 Announces Dividend

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 of this dividend was Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 12.87%. Trinity Capital’s payout ratio is presently 119.30%.

Wall Street Analyst Weigh In

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

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.