Analysts Set Trinity Capital Inc. (NASDAQ:TRIN) Price Target at $16.44

Trinity Capital Inc. (NASDAQ:TRIN) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.4375.

Several analysts recently issued reports on the company. JMP Securities set a $17.50 target price on Trinity Capital in a report on Monday, December 8th. Loop Capital set a $17.00 price objective on Trinity Capital in a report on Thursday, December 11th. Citizens Jmp began coverage on shares of Trinity Capital in a research note on Monday, December 8th. They issued a “market outperform” rating and a $17.50 target price for the company. Capital One Financial set a $17.00 target price on shares of Trinity Capital in a report on Thursday, December 11th. Finally, Citigroup started coverage on shares of Trinity Capital in a research note on Monday, December 8th. They issued an “outperform” rating for the company.

Trinity Capital Trading Up 2.7%

Shares of TRIN opened at $15.05 on Friday. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $16.82. The firm has a fifty day simple moving average of $14.89 and a 200 day simple moving average of $15.13. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 6.87 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm had revenue of $75.55 million for the quarter, compared to analysts’ expectations of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. As a group, research analysts predict that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Friday, March 13th. Trinity Capital’s dividend payout ratio (DPR) is 93.15%.

Insider Buying and Selling

In related news, Chairman Steve Louis Brown acquired 4,500 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $14.42 per share, for a total transaction of $64,890.00. Following the completion of the acquisition, the chairman directly owned 818,466 shares in the company, valued at approximately $11,802,279.72. This trade represents a 0.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kyle Steven Brown acquired 6,920 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $14.44 per share, for a total transaction of $99,924.80. Following the completion of the transaction, the chief executive officer directly owned 997,033 shares of the company’s stock, valued at approximately $14,397,156.52. This trade represents a 0.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 20,157 shares of company stock worth $292,074. Company insiders own 6.38% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds have recently bought and sold shares of the business. Vident Advisory LLC boosted its holdings in Trinity Capital by 37.2% in the 1st quarter. Vident Advisory LLC now owns 22,219 shares of the company’s stock valued at $337,000 after purchasing an additional 6,022 shares during the period. Quarry LP raised its position in shares of Trinity Capital by 194.8% in the first quarter. Quarry LP now owns 4,442 shares of the company’s stock valued at $67,000 after buying an additional 2,935 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Trinity Capital in the first quarter valued at approximately $1,777,000. PDT Partners LLC acquired a new stake in Trinity Capital during the first quarter worth approximately $225,000. Finally, Advisors Asset Management Inc. increased its stake in Trinity Capital by 8.1% during the 1st quarter. Advisors Asset Management Inc. now owns 191,529 shares of the company’s stock worth $2,904,000 after acquiring an additional 14,291 shares during the period. 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.