Colonial River Investments LLC Invests $158,000 in Trinity Capital Inc. (NASDAQ:TRIN)

Colonial River Investments LLC acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,885 shares of the company’s stock, valued at approximately $158,000.

Other large investors also recently made changes to their positions in the company. Quarry LP increased its position in shares of Trinity Capital by 1,053.0% in the third quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of Trinity Capital in the third quarter valued at $57,000. Trust Co. of Vermont purchased a new position in shares of Trinity Capital in the fourth quarter valued at $101,000. Blue Trust Inc. boosted its stake 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 valued at $109,000 after purchasing an additional 6,474 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Trinity Capital in the fourth quarter valued at $152,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Trading Up 0.6 %

NASDAQ TRIN opened at $15.93 on Tuesday. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $16.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $938.37 million, a price-to-earnings ratio of 9.32 and a beta of 0.56. The company’s fifty day moving average price is $15.04 and its two-hundred day moving average price is $14.39.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a yield of 12.81%. Trinity Capital’s dividend payout ratio (DPR) is 119.30%.

Wall Street Analyst Weigh In

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

About Trinity Capital

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.