GraniteShares Advisors LLC Takes $2.47 Million Position in Trinity Capital Inc. (NASDAQ:TRIN)

GraniteShares Advisors LLC acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 170,627 shares of the company’s stock, valued at approximately $2,469,000. Trinity Capital makes up about 1.6% of GraniteShares Advisors LLC’s holdings, making the stock its 25th largest position. GraniteShares Advisors LLC owned 0.29% of Trinity Capital at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRIN. Blue Trust Inc. lifted 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 buying an additional 6,474 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Trinity Capital by 26.2% during the 3rd quarter. Private Advisor Group LLC now owns 18,409 shares of the company’s stock valued at $250,000 after buying an additional 3,819 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Trinity Capital by 1,257.0% during the 3rd quarter. International Assets Investment Management LLC now owns 33,925 shares of the company’s stock valued at $460,000 after buying an additional 31,425 shares in the last quarter. PFG Investments LLC lifted its position in shares of Trinity Capital by 12.9% during the 3rd quarter. PFG Investments LLC now owns 12,326 shares of the company’s stock valued at $167,000 after buying an additional 1,411 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Trinity Capital by 9.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after buying an additional 918 shares in the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Down 1.2 %

NASDAQ TRIN opened at $15.74 on Wednesday. The stock’s 50 day moving average is $15.07 and its 200 day moving average is $14.39. 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 $16.26. The stock has a market cap of $927.18 million, a PE ratio of 9.20 and a beta of 0.56.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.51 dividend. 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 12.96%. Trinity Capital’s dividend payout ratio is presently 119.30%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and set a $13.00 price objective on shares of Trinity Capital in a research 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.