Grimes & Company Inc. Purchases 29,173 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

Grimes & Company Inc. raised its position in Trinity Capital Inc. (NASDAQ:TRIN) by 145.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 49,221 shares of the company’s stock after buying an additional 29,173 shares during the period. Grimes & Company Inc. owned about 0.10% of Trinity Capital worth $668,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Trinity Capital in the 2nd quarter worth $35,000. Blue Trust Inc. boosted its position 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 worth $109,000 after purchasing an additional 6,474 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Trinity Capital in the 1st quarter worth $150,000. MQS Management LLC bought a new position in shares of Trinity Capital in the 2nd quarter worth $152,000. Finally, Truvestments Capital LLC bought a new position in shares of Trinity Capital in the 1st quarter worth $195,000. 24.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,500 shares of Trinity Capital stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the acquisition, the chief executive officer now owns 975,298 shares in the company, valued at approximately $13,800,466.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have acquired 5,597 shares of company stock worth $78,913. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Stock Down 0.3 %

NASDAQ:TRIN opened at $13.72 on Friday. Trinity Capital Inc. has a 12-month low of $13.27 and a 12-month high of $15.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $732.24 million, a P/E ratio of 8.17 and a beta of 0.55. The stock’s fifty day simple moving average is $13.94 and its 200-day simple moving average is $14.35.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a return on equity of 16.14% and a net margin of 40.06%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Equities research analysts expect that Trinity Capital Inc. will post 2.08 earnings per share for the current year.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 30th. This represents a $2.04 annualized dividend and a yield of 14.87%. Trinity Capital’s dividend payout ratio is presently 121.43%.

Trinity Capital Company 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.