Trinity Capital Inc. (NASDAQ:TRIN) Given Average Rating of “Moderate Buy” by Analysts

Trinity Capital Inc. (NASDAQ:TRIN) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.6429.

Several research firms have commented on TRIN. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Wells Fargo & Company raised their target price on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 7th.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $16.88 on Monday. Trinity Capital has a 52 week low of $13.76 and a 52 week high of $17.38. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 8.93 and a beta of 0.62. The firm’s 50-day simple moving average is $16.13 and its 200 day simple moving average is $15.59.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The business had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. Sell-side analysts anticipate that Trinity Capital will post 2.1 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a $0.17 dividend. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Thursday, June 11th. Trinity Capital’s dividend payout ratio (DPR) is currently 107.94%.

Insider Activity

In other news, Chairman Steve Louis Brown bought 27,109 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $14.75 per share, with a total value of $399,857.75. Following the acquisition, the chairman directly owned 940,745 shares in the company, valued at $13,875,988.75. This represents a 2.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kyle Steven Brown bought 3,532 shares of the firm’s stock in a transaction 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 acquisition, the chief executive officer owned 620,709 shares in the company, valued at approximately $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. Over the last three months, insiders acquired 31,941 shares of company stock worth $468,574. Insiders own 5.31% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

Several hedge funds have recently bought and sold shares of TRIN. Nomura Asset Management Co. Ltd. bought a new position in Trinity Capital in the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of Trinity Capital during the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new stake in shares of Trinity Capital during the 1st quarter valued at approximately $37,000. Fifth Third Bancorp bought a new stake in shares of Trinity Capital during the 1st quarter valued at approximately $37,000. Finally, MCF Advisors LLC bought a new stake in shares of Trinity Capital during the 3rd quarter valued at approximately $52,000. 24.62% of the stock is owned by institutional investors.

Trinity Capital Company Profile

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.