Trinity Capital (NASDAQ:TRIN) Price Target Lowered to $16.00 at B. Riley

Trinity Capital (NASDAQ:TRIN) had its target price lowered by B. Riley from $16.50 to $16.00 in a report published on Thursday, Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, UBS Group increased their price objective on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a buy rating in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Trinity Capital presently has an average rating of Moderate Buy and a consensus price target of $15.50.

Trinity Capital Trading Up 1.0 %

NASDAQ TRIN traded up $0.15 during trading hours on Thursday, hitting $14.63. 386,297 shares of the company were exchanged, compared to its average volume of 465,243. The stock has a market cap of $723.89 million, a PE ratio of 9.09 and a beta of 0.60. Trinity Capital has a 52 week low of $11.32 and a 52 week high of $15.44. The stock has a 50-day moving average price of $14.66 and a 200 day moving average price of $14.50. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly 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). Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. The company had revenue of $50.45 million during the quarter, compared to the consensus estimate of $50.09 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts forecast that Trinity Capital will post 2.19 earnings per share for the current fiscal year.

Trinity Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.94%. Trinity Capital’s dividend payout ratio is presently 126.71%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown acquired 3,354 shares of the stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $14.91 per share, with a total value of $50,008.14. Following the transaction, the chief executive officer now directly owns 821,477 shares in the company, valued at $12,248,222.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trinity Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in shares of Trinity Capital during the fourth quarter valued at $45,000. Tower Research Capital LLC TRC raised its holdings in shares of Trinity Capital by 3,460.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock valued at $52,000 after purchasing an additional 3,460 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Trinity Capital by 76.9% in the 4th quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after purchasing an additional 1,791 shares during the period. Cape Investment Advisory Inc. purchased a new stake in shares of Trinity Capital in the 4th quarter worth approximately $107,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Trinity Capital during the third quarter valued at approximately $126,000. 24.62% 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 the United States.