Trinity Capital (NASDAQ:TRIN – Get Free Report) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $16.50 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods‘s target price indicates a potential upside of 1.08% from the company’s current price.
Separately, Wells Fargo & Company raised their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.58.
Read Our Latest Report on Trinity Capital
Trinity Capital Price Performance
Shares of NASDAQ:TRIN traded up $0.07 during trading on Thursday, hitting $17.81. The company’s stock had a trading volume of 1,086,965 shares, compared to its average volume of 1,128,166. Trinity Capital has a 12 month low of $14.13 and a 12 month high of $18.90. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 9.42 and a beta of 0.66. The company has a 50-day moving average of $17.40 and a 200-day moving average of $16.73.
Trinity Capital (NASDAQ:TRIN – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. The business had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. As a group, research analysts anticipate that Trinity Capital will post 2.10 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in shares of Trinity Capital in the second quarter worth about $25,000. Burk Holdings LLC purchased a new position in Trinity Capital during the 2nd quarter valued at approximately $32,000. Fifth Third Bancorp bought a new stake in Trinity Capital in the 1st quarter worth approximately $37,000. Sunbelt Securities Inc. bought a new stake in Trinity Capital in the 1st quarter worth approximately $37,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Trinity Capital during the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.
Key Trinity Capital News
Here are the key news stories impacting Trinity Capital this week:
- Positive Sentiment: B. Riley reaffirmed its Buy rating and raised its price target to $20 from $19, signaling more potential upside in the firm’s view. B. Riley rating information
- Positive Sentiment: Trinity outlined up to $500 million of capacity for its Desert Star joint venture, while its managed-funds platform approaches $1 billion. The added capacity could support growth in investment activity. Trinity Capital outlines Desert Star JV capacity
- Neutral Sentiment: Trinity reported third-quarter and nine-month results, but the provided coverage does not include the figures needed to assess whether performance beat expectations. Trinity Capital third-quarter results
- Neutral Sentiment: Seeking Alpha commentary described Trinity’s Q3 metrics and credit profile as supportive of its baby bonds. That view relates primarily to the company’s debt securities, rather than directly recommending the common stock. Trinity Capital Q3 metrics and credit profile
- Negative Sentiment: Wells Fargo raised its target to $16 from $15 but maintained an Underweight rating, implying downside from the referenced share price. KBW also raised its target—to $18 from $16.50—while keeping a Market Perform rating, reflecting a more restrained outlook than B. Riley’s. Wells Fargo price-target coverage
Trinity Capital Company Profile
Trinity Capital Inc (NASDAQ:TRIN) is a business development company that provides debt financing to venture capital- and private equity-backed companies. The company focuses primarily on growth-stage businesses that may require capital to support expansion, product development, acquisitions, working capital and other corporate needs.
Through its investment platform, Trinity Capital offers a range of financing solutions, including secured loans, equipment financing, growth capital and other customized debt structures.
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