Uniting Wealth Partners LLC Takes $930,000 Position in Trinity Capital Inc. $TRIN

Uniting Wealth Partners LLC bought a new stake in Trinity Capital Inc. (NASDAQ:TRIN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 52,000 shares of the company’s stock, valued at approximately $930,000.

Other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. purchased a new stake in Trinity Capital during the fourth quarter valued at $25,000. Sunbelt Securities Inc. purchased a new position in shares of Trinity Capital in the 1st quarter worth $37,000. Fifth Third Bancorp purchased a new position in shares of Trinity Capital in the 1st quarter worth $37,000. JPMorgan Chase & Co. bought a new stake in shares of Trinity Capital in the 2nd quarter worth about $54,000. Finally, Allworth Financial LP increased its holdings in shares of Trinity Capital by 54.5% in the 4th quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock worth $88,000 after buying an additional 2,131 shares during the last quarter. Institutional investors own 24.62% of the company’s stock.

Analysts Set New Price Targets

TRIN has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods boosted their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Trinity Capital presently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Insider Buying and Selling at Trinity Capital

In other news, CEO Kyle Steven Brown bought 2,296 shares of Trinity Capital stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the purchase, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. The trade was a 0.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.25% of the company’s stock.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $18.14 on Monday. The firm has a market capitalization of $1.72 billion, a PE ratio of 9.60 and a beta of 0.61. The stock’s fifty day moving average is $17.49 and its 200 day moving average is $16.37. Trinity Capital Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $18.57.

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 11.2%. Trinity Capital’s dividend payout ratio is currently 116.57%.

About Trinity Capital

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.