Trinity Capital (NASDAQ:TRIN) Given New $16.50 Price Target at UBS Group

Trinity Capital (NASDAQ:TRIN) had its price objective lowered by UBS Group from $18.00 to $16.50 in a research note released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

TRIN has been the subject of several other reports. Keefe, Bruyette & Woods boosted their price target on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, February 28th.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $14.32 on Thursday. The company has a market cap of $899.74 million, a P/E ratio of 8.37 and a beta of 0.56. The firm’s fifty day moving average price is $15.44 and its two-hundred day moving average price is $14.76. Trinity Capital has a one year low of $12.50 and a one year high of $16.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. Equities analysts expect that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.51 per share. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.25%. Trinity Capital’s payout ratio is 99.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRIN. Kennedy Capital Management LLC grew its stake in Trinity Capital by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company’s stock worth $3,188,000 after buying an additional 676 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Trinity Capital by 9.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock worth $176,000 after acquiring an additional 1,000 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Trinity Capital by 5.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company’s stock worth $349,000 after acquiring an additional 1,302 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Trinity Capital by 11.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company’s stock valued at $200,000 after acquiring an additional 1,423 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Trinity Capital by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,101 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,554 shares in the last quarter. Institutional investors own 24.62% of the company’s stock.

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.