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

Uniting Wealth Partners LLC acquired a new stake in shares of Trinity Capital Inc. (NASDAQ:TRIN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 52,000 shares of the company’s stock, valued at approximately $930,000. Uniting Wealth Partners LLC owned 0.06% of Trinity Capital at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. UBS Group AG increased its stake in Trinity Capital by 28.8% in the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock worth $15,220,000 after buying an additional 232,031 shares in the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Trinity Capital in the fourth quarter valued at about $5,493,000. Sound Income Strategies LLC lifted its position in shares of Trinity Capital by 9.4% in the second quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock valued at $22,716,000 after acquiring an additional 109,291 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Trinity Capital in the first quarter worth about $933,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Trinity Capital by 5.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 964,548 shares of the company’s stock worth $14,131,000 after purchasing an additional 48,764 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TRIN shares. Wells Fargo & Company boosted their price target on Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods increased their price objective on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.67.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN opened at $18.14 on Monday. The company has a market cap of $1.72 billion, a P/E ratio of 9.60 and a beta of 0.61. Trinity Capital Inc. has a 52-week low of $14.13 and a 52-week high of $18.57. The firm’s fifty day moving average is $17.49 and its two-hundred day moving average is $16.37.

Trinity Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. Trinity Capital’s dividend payout ratio (DPR) is presently 116.57%.

Insider Activity

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 purchased at an average cost of $18.04 per share, with a total value of $41,419.84. Following the completion of the acquisition, the chief executive officer owned 612,262 shares of the company’s stock, valued at $11,045,206.48. This trade represents a 0.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.25% of the company’s stock.

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.