32,594 Shares in Trinity Capital Inc. (NASDAQ:TRIN) Acquired by Quest Partners LLC

Quest Partners LLC acquired a new stake in Trinity Capital Inc. (NASDAQ:TRIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 32,594 shares of the company’s stock, valued at approximately $442,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new position in shares of Trinity Capital in the third quarter worth about $169,000. MQS Management LLC raised its holdings in Trinity Capital by 159.5% in the 3rd quarter. MQS Management LLC now owns 27,957 shares of the company’s stock valued at $379,000 after acquiring an additional 17,184 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Trinity Capital in the 3rd quarter worth approximately $395,000. Catalyst Capital Advisors LLC boosted its holdings in shares of Trinity Capital by 111.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 38,337 shares of the company’s stock worth $520,000 after purchasing an additional 20,200 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in shares of Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock valued at $10,923,000 after purchasing an additional 82,001 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their price objective on Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $14.34 on Friday. The company’s 50-day moving average is $13.88 and its two-hundred day moving average is $14.24. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $15.44. 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 firm has a market capitalization of $844.77 million, a price-to-earnings ratio of 8.39 and a beta of 0.55.

Trinity Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.51 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.23%. Trinity Capital’s payout ratio is 119.30%.

Insiders Place Their Bets

In other Trinity Capital news, Chairman Steve Louis Brown acquired 19,350 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of $13.12 per share, with a total value of $253,872.00. Following the transaction, the chairman now owns 722,182 shares of the company’s stock, valued at $9,475,027.84. This trade represents a 2.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald E. Estes bought 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $13.59 per share, for a total transaction of $27,180.00. Following the transaction, the director now directly owns 25,836 shares of the company’s stock, valued at $351,111.24. The trade was a 8.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 31,202 shares of company stock valued at $413,666 over the last quarter. 6.38% of the stock is owned by insiders.

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.