Van ECK Associates Corp Has $20.11 Million Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Van ECK Associates Corp grew its position in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,389,788 shares of the company’s stock after acquiring an additional 88,698 shares during the quarter. Van ECK Associates Corp’s holdings in Trinity Capital were worth $20,110,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in Trinity Capital by 1,053.0% during the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital in the 3rd quarter valued at approximately $57,000. Trust Co. of Vermont acquired a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $101,000. Blue Trust Inc. boosted its holdings in shares of Trinity Capital by 522.1% in 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Trinity Capital by 9.0% in 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 during the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Up 0.6 %

TRIN opened at $15.85 on Friday. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $16.12. The stock’s fifty day simple moving average is $14.85 and its 200 day simple moving average is $14.32. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock has a market cap of $933.72 million, a PE ratio of 9.27 and a beta of 0.56.

Trinity Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.87%. The ex-dividend date was Tuesday, December 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

Analysts Set New Price Targets

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