Chicago Partners Investment Group LLC Raises Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

Chicago Partners Investment Group LLC raised its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 31.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,311 shares of the company’s stock after purchasing an additional 21,154 shares during the quarter. Chicago Partners Investment Group LLC owned 0.15% of Trinity Capital worth $1,261,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Millennium Management LLC lifted its position in Trinity Capital by 527.8% in the second quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock valued at $3,572,000 after buying an additional 212,353 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after acquiring an additional 162,905 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Trinity Capital by 11.3% in the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Trinity Capital by 37.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock worth $2,734,000 after purchasing an additional 55,131 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Trinity Capital in the third quarter valued at approximately $532,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Analyst Ratings Changes

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

Trinity Capital Trading Up 1.6 %

NASDAQ TRIN opened at $15.30 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $901.26 million, a price-to-earnings ratio of 8.95 and a beta of 0.55. The firm has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $14.21. Trinity Capital Inc. has a one year low of $13.05 and a one year high of $15.38.

Trinity Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a dividend yield of 13.33%. Trinity Capital’s dividend payout ratio (DPR) is 119.30%.

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.