Trinity Capital (NASDAQ:TRIN – Get Rating) had its price target boosted by investment analysts at B. Riley from $12.00 to $13.00 in a research report issued on Tuesday, The Fly reports. B. Riley’s target price points to a potential upside of 2.44% from the stock’s previous close. B. Riley also issued estimates for Trinity Capital’s Q4 2022 earnings at $0.48 EPS, Q1 2023 earnings at $0.54 EPS and Q3 2023 earnings at $0.55 EPS.
A number of other research firms also recently commented on TRIN. Susquehanna downgraded Trinity Capital from a “positive” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Monday, November 7th. Keefe, Bruyette & Woods downgraded Trinity Capital from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $16.00 to $12.50 in a report on Friday, November 4th. Wells Fargo & Company dropped their price objective on Trinity Capital from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th. Finally, Compass Point downgraded Trinity Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $12.75 in a report on Thursday, October 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Trinity Capital has a consensus rating of “Hold” and a consensus price target of $15.65.
Trinity Capital Price Performance
Shares of TRIN opened at $12.69 on Tuesday. The company has a market capitalization of $446.31 million, a price-to-earnings ratio of 14.26 and a beta of 0.42. Trinity Capital has a fifty-two week low of $10.23 and a fifty-two week high of $20.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.10 and a quick ratio of 0.10. The business’s 50-day moving average is $11.15 and its 200-day moving average is $13.05.
Insider Buying and Selling at Trinity Capital
In related news, CEO Steve Louis Brown purchased 6,800 shares of the stock in a transaction on Thursday, December 8th. The shares were bought at an average price of $10.52 per share, for a total transaction of $71,536.00. Following the completion of the acquisition, the chief executive officer now directly owns 446,346 shares in the company, valued at approximately $4,695,559.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Trinity Capital news, CEO Steve Louis Brown acquired 6,800 shares of Trinity Capital stock in a transaction dated Thursday, December 8th. The stock was bought at an average cost of $10.52 per share, with a total value of $71,536.00. Following the completion of the transaction, the chief executive officer now owns 446,346 shares of the company’s stock, valued at $4,695,559.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kyle Steven Brown acquired 23,000 shares of Trinity Capital stock in a transaction dated Thursday, December 8th. The stock was acquired at an average cost of $10.38 per share, with a total value of $238,740.00. Following the completion of the transaction, the insider now directly owns 42,494 shares of the company’s stock, valued at approximately $441,087.72. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,225 shares of company stock worth $430,590 over the last 90 days. Insiders own 6.90% of the company’s stock.
Institutional Investors Weigh In On Trinity Capital
Several hedge funds have recently modified their holdings of TRIN. Ronald Blue Trust Inc. bought a new position in Trinity Capital in the second quarter worth $15,239,000. BlackRock Inc. lifted its position in Trinity Capital by 290.0% in the third quarter. BlackRock Inc. now owns 207,104 shares of the company’s stock worth $2,595,000 after purchasing an additional 154,005 shares during the period. Millennium Management LLC lifted its position in Trinity Capital by 888.1% in the second quarter. Millennium Management LLC now owns 171,143 shares of the company’s stock worth $2,476,000 after purchasing an additional 153,823 shares during the period. Walleye Capital LLC bought a new position in Trinity Capital in the second quarter worth $1,693,000. Finally, Captrust Financial Advisors bought a new position in Trinity Capital in the second quarter worth $1,298,000. 26.95% of the stock is owned by institutional investors.
About Trinity Capital
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 Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
- Get a free copy of the StockNews.com research report on Trinity Capital (TRIN)
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