Union Bancaire Privee UBP SA Takes $162,000 Position in Trinity Capital Inc. (NASDAQ:TRIN)

Union Bancaire Privee UBP SA acquired a new position in Trinity Capital Inc. (NASDAQ:TRIN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,192 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Trinity Capital by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company’s stock worth $20,110,000 after purchasing an additional 88,698 shares in the last quarter. Emerald Advisers LLC increased its holdings in 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 buying an additional 82,001 shares in the last quarter. Stifel Financial Corp raised its position in Trinity Capital by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 423,341 shares of the company’s stock worth $5,745,000 after buying an additional 4,778 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Trinity Capital by 10.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 222,351 shares of the company’s stock valued at $3,217,000 after acquiring an additional 20,842 shares during the period. Finally, Round Rock Advisors LLC bought a new position in Trinity Capital during the 4th quarter valued at about $2,772,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Trinity Capital Price Performance

NASDAQ TRIN opened at $15.74 on Wednesday. The company has a 50-day moving average price of $15.07 and a 200-day moving average price of $14.39. Trinity Capital Inc. has a 52 week low of $13.05 and a 52 week high of $16.26. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $927.18 million, a P/E ratio of 9.20 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. Shareholders of record on Tuesday, December 31st were given a $0.51 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.04 annualized dividend and a yield of 12.96%. Trinity Capital’s payout ratio is presently 119.30%.

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.