Trinity Capital (NASDAQ:TRIN) Hits New 1-Year High – Time to Buy?

Trinity Capital Inc. (NASDAQ:TRIN) reached a new 52-week high during trading on Thursday . The stock traded as high as $16.00 and last traded at $15.98, with a volume of 1144933 shares trading hands. The stock had previously closed at $15.48.

Wall Street Analysts Forecast Growth

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.

Trinity Capital Trading Down 0.4 %

The company has a market capitalization of $939.03 million, a P/E ratio of 9.32 and a beta of 0.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a fifty day moving average of $14.71 and a 200 day moving average of $14.27.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 12.80%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s dividend payout ratio (DPR) is currently 119.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Trinity Capital during the fourth quarter valued at approximately $708,000. AWM Capital LLC raised its position in shares of Trinity Capital by 8.8% during the 4th quarter. AWM Capital LLC now owns 50,643 shares of the company’s stock valued at $759,000 after purchasing an additional 4,108 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Trinity Capital by 11.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company’s stock valued at $200,000 after buying an additional 1,423 shares in the last quarter. GraniteShares Advisors LLC bought a new position in Trinity Capital in the 4th quarter worth $2,469,000. Finally, Canton Hathaway LLC purchased a new stake in Trinity Capital in the 4th quarter worth $397,000. 24.62% of the stock is currently owned by institutional investors.

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.