Trinity Capital (NASDAQ:TRIN) Reaches New 12-Month High – Should You Buy?

Trinity Capital Inc. (NASDAQ:TRINGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.08 and last traded at $18.0850, with a volume of 251843 shares. The stock had previously closed at $17.69.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRIN. Keefe, Bruyette & Woods raised their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Wells Fargo & Company raised their target price on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trinity Capital presently has a consensus rating of “Moderate Buy” and an average target price of $16.64.

Check Out Our Latest Stock Report on TRIN

Trinity Capital Stock Up 1.9%

The stock’s 50-day moving average price is $17.14 and its 200 day moving average price is $16.11. The company has a market cap of $1.62 billion, a P/E ratio of 9.54 and a beta of 0.61.

Trinity Capital (NASDAQ:TRINGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. Analysts expect that Trinity Capital Inc. will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. Trinity Capital’s payout ratio is presently 107.94%.

Institutional Investors Weigh In On Trinity Capital

Several hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new position in Trinity Capital during the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in Trinity Capital in the 4th quarter worth $27,000. Sunbelt Securities Inc. bought a new position in shares of Trinity Capital during the 1st quarter worth about $37,000. Fifth Third Bancorp bought a new position in shares of Trinity Capital during the 1st quarter worth about $37,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Trinity Capital during the second quarter valued at about $54,000. 24.62% of the stock is owned by institutional investors.

Trinity Capital Company Profile

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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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