B. Riley Cuts Trinity Capital (NASDAQ:TRIN) Price Target to $16.00

Trinity Capital (NASDAQ:TRIN) had its price target reduced by B. Riley from $16.50 to $16.00 in a research report sent to investors on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, UBS Group raised their price objective on Trinity Capital from $16.00 to $16.50 and gave the company a buy rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $15.50.

Trinity Capital Stock Up 1.0 %

TRIN stock opened at $14.63 on Thursday. The stock has a market capitalization of $723.89 million, a PE ratio of 9.09 and a beta of 0.60. The company has a fifty day moving average of $14.66 and a 200-day moving average of $14.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06. Trinity Capital has a one year low of $11.32 and a one year high of $15.44.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. The company had revenue of $50.45 million for the quarter, compared to analysts’ expectations of $50.09 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, analysts expect that Trinity Capital will post 2.14 EPS for the current year.

Trinity Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.94%. This is a boost from Trinity Capital’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 27th. Trinity Capital’s dividend payout ratio (DPR) is 126.71%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown bought 3,354 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the acquisition, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.75% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

A number of institutional investors have recently made changes to their positions in TRIN. Melia Wealth LLC acquired a new stake in shares of Trinity Capital during the 4th quarter worth about $14,675,000. Soros Fund Management LLC purchased a new position in shares of Trinity Capital during the third quarter valued at approximately $4,555,000. Van ECK Associates Corp boosted its position in Trinity Capital by 24.4% during the third quarter. Van ECK Associates Corp now owns 692,656 shares of the company’s stock worth $9,642,000 after acquiring an additional 135,738 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in Trinity Capital in the 4th quarter worth approximately $1,487,000. Finally, Quadrature Capital Ltd acquired a new position in Trinity Capital in the 3rd quarter valued at $1,241,000. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Company 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.