First Financial Bank Trust Division Acquires 1,838 Shares of Trinity Capital Inc. (NASDAQ:TRIN)

First Financial Bank Trust Division grew its holdings in Trinity Capital Inc. (NASDAQ:TRIN) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,665 shares of the company’s stock after purchasing an additional 1,838 shares during the quarter. First Financial Bank Trust Division owned about 0.07% of Trinity Capital worth $559,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Millennium Management LLC raised its position in Trinity Capital by 527.8% in the 2nd quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after purchasing an additional 212,353 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after buying an additional 162,905 shares during the period. Emerald Advisers LLC raised its position in shares of Trinity Capital by 11.3% during the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Trinity Capital by 37.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after acquiring an additional 55,131 shares during the period. Finally, XTX Topco Ltd bought a new position in Trinity Capital in the third quarter valued at about $532,000. Institutional investors own 24.62% of the company’s stock.

Trinity Capital Trading Up 1.0 %

Shares of TRIN stock traded up $0.14 during trading hours on Thursday, reaching $14.61. The company had a trading volume of 798,347 shares, compared to its average volume of 496,788. Trinity Capital Inc. has a 1-year low of $13.05 and a 1-year high of $15.26. 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 firm has a market cap of $860.62 million, a price-to-earnings ratio of 8.54 and a beta of 0.56. The company has a 50 day moving average of $14.23 and a 200 day moving average of $14.17.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 13.96%. The ex-dividend date is Tuesday, December 31st. Trinity Capital’s payout ratio is 119.30%.

Insiders Place Their Bets

In other Trinity Capital news, Chairman Steve Louis Brown acquired 19,350 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $13.12 per share, with a total value 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 represents a 2.75 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald E. Estes purchased 2,000 shares of the stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $13.59 per share, with a total value of $27,180.00. Following the completion of the acquisition, the director now directly owns 25,836 shares of the company’s stock, valued at approximately $351,111.24. This represents a 8.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 29,702 shares of company stock worth $392,696. Insiders own 6.38% of the company’s stock.

Analyst Upgrades and Downgrades

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