Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) has been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $16.6429.
TRIN has been the topic of several analyst reports. Wall Street Zen upgraded Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Wells Fargo & Company upped their price target on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods upped their price target on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th.
Get Our Latest Stock Report on TRIN
Insider Activity at Trinity Capital
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of TRIN. Nomura Asset Management Co. Ltd. bought a new position in Trinity Capital during the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new position in Trinity Capital in the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new stake in Trinity Capital in the first quarter valued at approximately $37,000. Fifth Third Bancorp bought a new stake in Trinity Capital in the first quarter valued at approximately $37,000. Finally, MCF Advisors LLC purchased a new stake in shares of Trinity Capital during the third quarter valued at approximately $52,000. 24.62% of the stock is currently owned by institutional investors.
Trinity Capital Stock Performance
Shares of NASDAQ:TRIN opened at $16.88 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of 8.93 and a beta of 0.62. Trinity Capital has a fifty-two week low of $13.76 and a fifty-two week high of $17.38. The company’s 50-day moving average is $16.13 and its 200 day moving average is $15.59.
Trinity Capital (NASDAQ:TRIN – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. As a group, research analysts predict that Trinity Capital will post 2.1 earnings per share for the current year.
Trinity Capital Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s dividend payout ratio is 107.94%.
Trinity Capital Company Profile
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.
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