Analysts Set Trinity Capital Inc. (NASDAQ:TRIN) Target Price at $15.50

Trinity Capital Inc. (NASDAQ:TRIN) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.50.

A number of research firms have issued reports on TRIN. UBS Group increased their target price on Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Monday, March 18th. B. Riley decreased their price objective on Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Insider Activity at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,354 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $50,008.14. Following the purchase, the chief executive officer now owns 821,477 shares of the company’s stock, valued at approximately $12,248,222.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trinity Capital

Hedge funds have recently bought and sold shares of the company. Greenwich Investment Management Inc. boosted its holdings in shares of Trinity Capital by 0.6% during the fourth quarter. Greenwich Investment Management Inc. now owns 1,204,660 shares of the company’s stock worth $17,504,000 after acquiring an additional 6,606 shares during the period. Melia Wealth LLC grew its holdings in Trinity Capital by 1.7% in the 1st quarter. Melia Wealth LLC now owns 1,027,121 shares of the company’s stock valued at $15,078,000 after buying an additional 17,154 shares in the last quarter. Van ECK Associates Corp increased its position in Trinity Capital by 14.5% during the 1st quarter. Van ECK Associates Corp now owns 911,266 shares of the company’s stock worth $13,377,000 after buying an additional 115,134 shares during the period. Stifel Financial Corp lifted its holdings in shares of Trinity Capital by 7.1% during the third quarter. Stifel Financial Corp now owns 410,402 shares of the company’s stock worth $5,713,000 after buying an additional 27,053 shares in the last quarter. Finally, Soros Fund Management LLC bought a new stake in shares of Trinity Capital in the third quarter valued at about $4,555,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Price Performance

TRIN stock opened at $14.65 on Tuesday. The stock has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $14.60. The stock has a market cap of $724.88 million, a PE ratio of 9.10 and a beta of 0.60. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08. Trinity Capital has a 1 year low of $12.22 and a 1 year high of $15.44.

Trinity Capital (NASDAQ:TRIN) last released its earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $50.45 million for the quarter, compared to the consensus estimate of $50.09 million. Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. During the same quarter last year, the company posted $0.52 EPS. Equities analysts forecast that Trinity Capital will post 2.14 EPS for the current fiscal year.

Trinity Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.51 dividend. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 13.92%. The ex-dividend date was Wednesday, March 27th. Trinity Capital’s dividend payout ratio (DPR) is 126.71%.

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 the United States.