Canton Hathaway LLC Takes $397,000 Position in Trinity Capital Inc. (NASDAQ:TRIN)

Canton Hathaway LLC bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the 4th quarter, Holdings Channel reports. The fund bought 27,426 shares of the company’s stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also made changes to their positions in TRIN. Round Rock Advisors LLC purchased a new position in shares of Trinity Capital in the fourth quarter valued at $2,772,000. Van ECK Associates Corp boosted its stake in Trinity Capital by 14.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after acquiring an additional 162,905 shares during the last quarter. Emerald Advisers LLC boosted its stake in Trinity Capital by 11.3% during the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock valued at $10,923,000 after acquiring an additional 82,001 shares during the last quarter. XTX Topco Ltd bought a new position in Trinity Capital during the 3rd quarter valued at $532,000. Finally, Franklin Resources Inc. boosted its stake in Trinity Capital by 21.8% during the 3rd quarter. Franklin Resources Inc. now owns 186,356 shares of the company’s stock valued at $2,583,000 after acquiring an additional 33,352 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Trading Up 0.6 %

NASDAQ TRIN opened at $15.93 on Tuesday. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $16.26. 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 company has a market capitalization of $938.37 million, a price-to-earnings ratio of 9.32 and a beta of 0.56. The company’s fifty day moving average price is $15.04 and its two-hundred day moving average price is $14.39.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.51 dividend. 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 12.81%. Trinity Capital’s payout ratio is currently 119.30%.

Analyst Upgrades and Downgrades

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

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.