Trinity Capital (NASDAQ:TRIN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Trinity Capital (NASDAQ:TRIN) had its price objective upped by equities research analysts at Keefe, Bruyette & Woods from $16.00 to $16.50 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 8.51% from the stock’s current price.

Separately, 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 research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.67.

Trinity Capital Trading Up 2.5%

Shares of TRIN stock opened at $18.03 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of 9.54 and a beta of 0.61. The firm has a fifty day simple moving average of $17.37 and a two-hundred day simple moving average of $16.31. Trinity Capital has a 12 month low of $14.13 and a 12 month high of $18.25.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. On average, equities analysts predict that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP increased its position in Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after purchasing an additional 1,126,709 shares during the period. Eagle Point Credit Management LLC purchased a new stake in Trinity Capital in the fourth quarter worth $10,657,000. Two Sigma Investments LP grew its stake in Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after purchasing an additional 448,626 shares during the period. Closed End Fund Advisors Inc. bought a new position in Trinity Capital in the fourth quarter worth $5,493,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Trinity Capital by 203.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 545,047 shares of the company’s stock worth $7,986,000 after purchasing an additional 365,193 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

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.