Legacy Capital Wealth Partners LLC Trims Stock Position in Trinity Capital Inc. (NASDAQ:TRIN)

Legacy Capital Wealth Partners LLC lowered its holdings in shares of Trinity Capital Inc. (NASDAQ:TRIN) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,385 shares of the company’s stock after selling 4,585 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.16% of Trinity Capital worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of Trinity Capital by 6.8% during the 4th quarter. Van ECK Associates Corp now owns 1,389,788 shares of the company’s stock valued at $20,110,000 after purchasing an additional 88,698 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Trinity Capital during the 4th quarter valued at about $152,000. Round Rock Advisors LLC purchased a new stake in shares of Trinity Capital during the 4th quarter valued at about $2,772,000. Chicago Partners Investment Group LLC increased its position in shares of Trinity Capital by 31.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock valued at $1,261,000 after purchasing an additional 21,154 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Trinity Capital during the 4th quarter valued at about $162,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Trading Up 0.6 %

Shares of NASDAQ:TRIN opened at $15.85 on Friday. The stock has a 50 day moving average of $14.85 and a 200 day moving average of $14.31. The company has a market cap of $933.72 million, a PE ratio of 9.27 and a beta of 0.56. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 12-month low of $13.05 and a 12-month high of $16.12.

Trinity Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 12.87%. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

Wall Street Analysts Forecast Growth

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

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.