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

Trinity Capital Inc. (NASDAQ:TRIN) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.67.

Separately, Keefe, Bruyette & Woods increased their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, August 6th.

Insider Activity at Trinity Capital

In related news, CEO Kyle Brown bought 2,296 shares of the stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $18.04 per share, for a total transaction of $41,419.84. Following the completion of the transaction, the chief executive officer owned 612,262 shares of the company’s stock, valued at $11,045,206.48. This represents a 0.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trinity Capital

A number of institutional investors and hedge funds have recently modified their holdings of TRIN. Trust Co. of Vermont purchased a new stake in Trinity Capital during the second quarter worth $25,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Trinity Capital during the 4th quarter worth $25,000. Burk Holdings LLC purchased a new stake in shares of Trinity Capital in the 2nd quarter worth about $32,000. Sunbelt Securities Inc. purchased a new stake in shares of Trinity Capital in the 1st quarter worth about $37,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Trinity Capital in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Price Performance

Shares of NASDAQ TRIN opened at $17.19 on Friday. The stock has a fifty day moving average price of $17.96 and a 200 day moving average price of $17.08. Trinity Capital has a 1-year low of $14.13 and a 1-year high of $18.90. The company has a market cap of $1.63 billion, a PE ratio of 9.09 and a beta of 0.63.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. Analysts anticipate that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Friday, December 11th. Trinity Capital’s dividend payout ratio (DPR) is currently 116.57%.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company that provides debt financing to venture capital- and private equity-backed companies, primarily those in the growth stage of their development. The company seeks to support businesses that may not yet have consistent access to traditional bank financing.

Its offerings include venture debt, term loans, equipment financing and other structured lending solutions designed to fund product development, capital expenditures, acquisitions, working capital and general corporate purposes.