Keefe, Bruyette & Woods Cuts Trinity Capital (NASDAQ:TRIN) Price Target to $15.00

Trinity Capital (NASDAQ:TRIN) had its price objective decreased by Keefe, Bruyette & Woods from $16.00 to $15.00 in a research report released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company dropped their price target on Trinity Capital from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Monday, April 28th. UBS Group cut their price target on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Thursday, April 17th.

Trinity Capital Stock Performance

Trinity Capital stock opened at $14.25 on Thursday. The stock has a fifty day moving average price of $14.93 and a 200 day moving average price of $14.81. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $16.82. The firm has a market capitalization of $921.32 million, a P/E ratio of 8.33 and a beta of 0.57.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The company had revenue of $65.39 million during the quarter, compared to analysts’ expectations of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. Equities research analysts anticipate that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 14.32%. The ex-dividend date of this dividend was Monday, March 31st. Trinity Capital’s payout ratio is 93.15%.

Institutional Investors Weigh In On Trinity Capital

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in Trinity Capital in the first quarter valued at approximately $38,000. PNC Financial Services Group Inc. acquired a new stake in Trinity Capital during the 1st quarter valued at $45,000. Trust Co. of Vermont purchased a new stake in Trinity Capital during the 4th quarter worth $101,000. Aquatic Capital Management LLC acquired a new position in Trinity Capital in the 4th quarter worth $124,000. Finally, Blue Trust Inc. boosted its position in Trinity Capital by 27.2% in the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after buying an additional 2,100 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

About Trinity Capital

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.