Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.6667.
A number of brokerages have recently weighed in on TRIN. Keefe, Bruyette & Woods upped their target price on Trinity Capital from $16.00 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th.
Get Our Latest Stock Analysis on TRIN
Trinity Capital Stock Up 0.5%
Trinity Capital (NASDAQ:TRIN – Get Free Report) last posted 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). The company had revenue of $87.17 million during the quarter, compared to the consensus estimate of $91.44 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. On average, analysts anticipate that Trinity Capital will post 2.1 EPS for the current fiscal year.
Trinity Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio is currently 116.57%.
Insider Buying and Selling at Trinity Capital
In other Trinity Capital news, CEO Kyle Steven Brown purchased 2,296 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $18.04 per share, with a total value of $41,419.84. Following the transaction, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. The trade was a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.25% of the stock is owned by corporate insiders.
Institutional Trading of Trinity Capital
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Trinity Capital by 28.8% in the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after buying an additional 232,031 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in Trinity Capital during the 4th quarter valued at $5,493,000. Sound Income Strategies LLC lifted its stake in Trinity Capital by 9.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock valued at $22,716,000 after acquiring an additional 109,291 shares in the last quarter. Independent Financial Group LLC purchased a new position in Trinity Capital during the 1st quarter worth $933,000. Finally, GSA Capital Partners LLP purchased a new position in Trinity Capital during the 2nd quarter worth $1,121,000. 24.62% of the stock is owned by institutional investors.
About Trinity Capital
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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