Trinity Capital (NASDAQ:TRIN) Given New $15.00 Price Target at Wells Fargo & Company

Trinity Capital (NASDAQ:TRINGet Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $13.50 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 12.17% from the company’s previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Finally, Clear Str upgraded shares of Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trinity Capital has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Read Our Latest Report on Trinity Capital

Trinity Capital Trading Down 1.2%

NASDAQ TRIN traded down $0.20 during trading on Thursday, hitting $17.08. The company had a trading volume of 436,623 shares, compared to its average volume of 1,298,530. Trinity Capital has a one year low of $13.76 and a one year high of $17.38. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 8.71 and a beta of 0.63. The company’s fifty day moving average is $15.20 and its 200-day moving average is $15.28.

Trinity Capital (NASDAQ:TRINGet Free Report) last issued 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. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. The business had revenue of $51.37 million during the quarter, compared to analyst estimates of $85.87 million. As a group, equities analysts anticipate that Trinity Capital will post 2.05 EPS for the current year.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown acquired 3,532 shares of Trinity Capital stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $50,013.12. Following the purchase, the chief executive officer owned 620,709 shares in the company, valued at $8,789,239.44. This trade represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Steve Louis Brown acquired 27,109 shares of Trinity Capital stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $14.75 per share, with a total value of $399,857.75. Following the completion of the purchase, the chairman owned 940,745 shares in the company, valued at $13,875,988.75. This represents a 2.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 37,682 shares of company stock valued at $553,902. 5.31% of the stock is owned by company insiders.

Institutional Trading of Trinity Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Exeter Financial LLC increased its stake in Trinity Capital by 6.6% during the 1st quarter. Exeter Financial LLC now owns 11,589 shares of the company’s stock valued at $170,000 after purchasing an additional 717 shares in the last quarter. Osaic Holdings Inc. increased its stake in Trinity Capital by 1.1% during the 4th quarter. Osaic Holdings Inc. now owns 66,888 shares of the company’s stock valued at $980,000 after purchasing an additional 754 shares in the last quarter. First Commonwealth Financial Corp PA increased its stake 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 valued at $360,000 after purchasing an additional 799 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Trinity Capital by 2.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock valued at $516,000 after purchasing an additional 889 shares in the last quarter. Finally, Values First Advisors Inc. increased its stake in 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 purchasing an additional 1,047 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

Trending Headlines about Trinity Capital

Here are the key news stories impacting Trinity Capital this week:

Trinity Capital Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Trinity Capital (NASDAQ:TRIN)

Receive News & Ratings for Trinity Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Capital and related companies with MarketBeat.com's FREE daily email newsletter.