XTX Topco Ltd Invests $532,000 in Trinity Capital Inc. (NASDAQ:TRIN)

XTX Topco Ltd bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,206 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Trinity Capital during the second quarter valued at $35,000. Quarry LP increased its stake in shares of Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares in the last quarter. Blue Trust Inc. lifted its position in Trinity Capital by 522.1% during the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares during the period. MQS Management LLC purchased a new position in Trinity Capital during the 2nd quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock worth $152,000 after acquiring an additional 918 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $13.59 per share, for a total transaction of $27,180.00. Following the completion of the purchase, the director now owns 25,836 shares in the company, valued at approximately $351,111.24. This represents a 8.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Steve Louis Brown purchased 19,350 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $13.12 per share, for a total transaction of $253,872.00. Following the acquisition, the chairman now owns 722,182 shares of the company’s stock, valued at approximately $9,475,027.84. The trade was a 2.75 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 29,702 shares of company stock worth $392,696 in the last quarter. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Trading Up 1.7 %

Trinity Capital stock opened at $14.60 on Friday. Trinity Capital Inc. has a 12 month low of $13.05 and a 12 month high of $15.44. The company has a market capitalization of $860.09 million, a price-to-earnings ratio of 8.54 and a beta of 0.56. The business’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $14.20. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.97%. The ex-dividend date of this dividend is Tuesday, December 31st. Trinity Capital’s payout ratio is 119.30%.

Analysts Set New Price Targets

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

Trinity Capital 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.