UBS Group Lowers Trinity Capital (NASDAQ:TRIN) Price Target to $16.50

Trinity Capital (NASDAQ:TRIN) had its price target lowered by UBS Group from $18.00 to $16.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 14.63% from the stock’s previous close.

TRIN has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods raised their price objective on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, February 27th.

Trinity Capital Price Performance

Shares of NASDAQ TRIN traded up $0.26 during mid-day trading on Thursday, reaching $14.39. The company’s stock had a trading volume of 216,174 shares, compared to its average volume of 521,163. The firm has a market capitalization of $904.39 million, a PE ratio of 8.40 and a beta of 0.56. The stock has a fifty day moving average of $15.50 and a two-hundred day moving average of $14.74. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to the consensus estimate of $64.13 million. As a group, sell-side analysts anticipate that Trinity Capital will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Trinity Capital

Several large investors have recently added to or reduced their stakes in TRIN. Commonwealth Equity Services LLC boosted its position in shares of Trinity Capital by 24.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 116,600 shares of the company’s stock worth $1,687,000 after buying an additional 22,657 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Trinity Capital by 151.9% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 31,717 shares of the company’s stock valued at $459,000 after purchasing an additional 19,125 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Trinity Capital during the fourth quarter worth about $708,000. State Street Corp boosted its position in shares of Trinity Capital by 3.3% during the third quarter. State Street Corp now owns 61,170 shares of the company’s stock worth $861,000 after buying an additional 1,936 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Trinity Capital by 31.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock valued at $1,261,000 after purchasing an additional 21,154 shares in the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

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.