Trinity Capital (TRIN) Scheduled to Post Earnings on Wednesday

Trinity Capital (NASDAQ:TRIN) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Trinity Capital to post earnings of $0.55 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The firm had revenue of $47.83 million for the quarter, compared to analysts’ expectations of $46.79 million. During the same period last year, the firm earned $0.57 earnings per share. On average, analysts expect Trinity Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN opened at $14.85 on Wednesday. Trinity Capital has a 1 year low of $11.32 and a 1 year high of $15.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06. The company’s fifty day moving average price is $14.56 and its 200 day moving average price is $14.45. The company has a market capitalization of $689.63 million, a PE ratio of 7.77 and a beta of 0.62.

Trinity Capital Increases Dividend

The company also recently announced 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 is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 13.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Trinity Capital’s dividend payout ratio is presently 106.81%.

Wall Street Analyst Weigh In

TRIN has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $16.50 price target (up previously from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group boosted their price objective on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Trinity Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.58.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown acquired 3,354 shares of Trinity Capital stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $14.91 per share, with a total value of $50,008.14. Following the purchase, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.75% of the company’s stock.

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.