Trinity Capital (NASDAQ:TRIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Trinity Capital (NASDAQ:TRIN) from a sell rating to a hold rating in a research note published on Sunday.

Other analysts also recently issued research reports about the company. Citigroup restated an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Clear Str upgraded shares of Trinity Capital to a “strong-buy” rating in a research report on Wednesday, February 4th. Loop Capital set a $17.00 price target on shares of Trinity Capital in a research note on Thursday, December 11th. Noble Financial assumed coverage on shares of Trinity Capital in a report on Thursday, December 11th. They issued a “buy” rating for the company. Finally, Citizens Jmp set a $17.50 price objective on shares of Trinity Capital in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.29.

Trinity Capital Stock Up 2.4%

TRIN opened at $14.71 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of 7.51 and a beta of 0.55. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $17.20. The business’s fifty day simple moving average is $15.37 and its 200 day simple moving average is $15.24.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%.The firm had revenue of $58.89 million during the quarter, compared to analyst estimates of $79.83 million. As a group, equities analysts anticipate that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 13.9%. The ex-dividend date is Thursday, June 11th. Trinity Capital’s dividend payout ratio (DPR) is presently 104.08%.

Insider Buying and Selling

In other news, Chairman Steve Louis Brown bought 27,109 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of $14.75 per share, for a total transaction of $399,857.75. Following the completion of the acquisition, the chairman owned 940,745 shares of the company’s stock, valued at approximately $13,875,988.75. This trade represents a 2.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kyle Steven Brown bought 3,532 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $50,013.12. Following the completion of the purchase, the chief executive officer owned 620,709 shares of the company’s stock, valued at $8,789,239.44. This trade represents a 0.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 37,682 shares of company stock worth $553,902 over the last ninety days. Insiders own 6.38% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

A number of large investors have recently added to or reduced their stakes in TRIN. Nomura Asset Management Co. Ltd. purchased a new position in shares of Trinity Capital in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of Trinity Capital in the fourth quarter worth about $27,000. MCF Advisors LLC bought a new stake in shares of Trinity Capital in the third quarter worth about $52,000. JPMorgan Chase & Co. purchased a new position in Trinity Capital during the 2nd quarter valued at about $54,000. Finally, Allworth Financial LP increased its holdings in Trinity Capital by 54.5% during the 4th quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock valued at $88,000 after purchasing an additional 2,131 shares during the period. Institutional investors own 24.62% of the company’s stock.

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.