Trinity Capital Inc. (NASDAQ:TRIN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.6429.

Several research analysts have commented on TRIN shares. Wells Fargo & Company raised their price objective 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 raised their price objective on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th.

Institutional Trading of Trinity Capital

A number of institutional investors have recently made changes to their positions in the business. Exeter Financial LLC boosted its position in shares of Trinity Capital by 6.6% in the 1st quarter. Exeter Financial LLC now owns 11,589 shares of the company’s stock worth $170,000 after purchasing an additional 717 shares in the last quarter. Osaic Holdings Inc. lifted its position in Trinity Capital by 1.1% during the 4th quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock worth $980,000 after acquiring an additional 754 shares during the period. First Commonwealth Financial Corp PA lifted its position in Trinity Capital by 3.4% during the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock worth $360,000 after acquiring an additional 799 shares during the period. Values First Advisors Inc. raised its stake in shares of Trinity Capital by 6.0% during the 1st quarter. Values First Advisors Inc. now owns 18,441 shares of the company’s stock valued at $271,000 after buying an additional 1,047 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Trinity Capital by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,312 shares of the company’s stock valued at $255,000 after buying an additional 1,079 shares during the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Up 0.4%

TRIN opened at $16.90 on Friday. The stock’s fifty day moving average is $16.68 and its two-hundred day moving average is $15.82. The company has a market capitalization of $1.52 billion, a P/E ratio of 8.94 and a beta of 0.62. Trinity Capital has a 52 week low of $13.76 and a 52 week high of $17.38.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. Equities analysts anticipate that Trinity Capital will post 2.1 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. Trinity Capital’s dividend payout ratio (DPR) is currently 107.94%.

Trinity Capital Company Profile

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.