MQS Management LLC Purchases 17,184 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

MQS Management LLC lifted its position in Trinity Capital Inc. (NASDAQ:TRIN) by 159.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,957 shares of the company’s stock after acquiring an additional 17,184 shares during the quarter. MQS Management LLC’s holdings in Trinity Capital were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital in the 2nd quarter valued at about $35,000. Blue Trust Inc. lifted its holdings in Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock worth $109,000 after buying an additional 6,474 shares during the period. Paloma Partners Management Co bought a new stake in Trinity Capital during the 1st quarter valued at $150,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Trinity Capital by 9.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after acquiring an additional 918 shares during the period. Finally, PFG Investments LLC raised its position in shares of Trinity Capital by 12.9% in the 3rd quarter. PFG Investments LLC now owns 12,326 shares of the company’s stock worth $167,000 after acquiring an additional 1,411 shares in the last quarter. 24.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their target price 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.

Insider Buying and Selling

In related news, Chairman Steve Louis Brown purchased 19,350 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the purchase, the chairman now owns 722,182 shares of the company’s stock, valued at $9,475,027.84. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Steve Louis Brown acquired 19,350 shares of Trinity Capital stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of $13.12 per share, for a total transaction of $253,872.00. Following the completion of the purchase, the chairman now directly owns 722,182 shares in the company, valued at $9,475,027.84. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $13.59 per share, for a total transaction of $27,180.00. Following the transaction, the director now owns 25,836 shares of the company’s stock, valued at $351,111.24. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 31,799 shares of company stock worth $422,083 in the last three months. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Stock Performance

Shares of TRIN opened at $14.20 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market cap of $836.52 million, a PE ratio of 8.30 and a beta of 0.55. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $15.44. The stock has a fifty day moving average price of $13.83 and a 200-day moving average price of $14.27.

Trinity Capital Announces Dividend

The business 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. This represents a $2.04 annualized dividend and a dividend yield of 14.37%. The ex-dividend date was Monday, September 30th. Trinity Capital’s payout ratio is currently 119.30%.

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.