Trinity Capital (NASDAQ:TRIN) Reaches New 12-Month High – Still a Buy?

Trinity Capital Inc. (NASDAQ:TRIN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $16.15 and last traded at $16.12, with a volume of 266886 shares changing hands. The stock had previously closed at $16.00.

Wall Street Analyst Weigh In

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

Trinity Capital Trading Up 1.3 %

The firm has a market capitalization of $954.93 million, a PE ratio of 9.48 and a beta of 0.56. 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 fifty day moving average of $14.92 and a 200-day moving average of $14.33.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 12.58%. Trinity Capital’s dividend payout ratio is 119.30%.

Institutional Trading of Trinity Capital

A number of institutional investors have recently added to or reduced their stakes in TRIN. Quarry LP lifted its stake in shares of Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after purchasing an additional 3,380 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Trinity Capital in the third quarter worth $57,000. Trust Co. of Vermont bought a new stake in shares of Trinity Capital during the 4th quarter worth $101,000. Blue Trust Inc. grew its stake in 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, Aquatic Capital Management LLC bought a new position in Trinity Capital in the 4th quarter worth $124,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

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.