Trinity Capital Inc. (NASDAQ:TRIN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.6667.

Separately, Keefe, Bruyette & Woods increased their price objective on Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a research note on Thursday, August 6th.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Brown purchased 2,296 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $18.04 per share, with a total value of $41,419.84. Following the purchase, the chief executive officer directly owned 612,262 shares of the company’s stock, valued at approximately $11,045,206.48. This trade represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.25% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Trinity Capital by 609.9% during the first quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock valued at $2,072,000 after buying an additional 117,420 shares during the period. Empowered Funds LLC acquired a new position in Trinity Capital in the 1st quarter valued at $234,000. JPMorgan Chase & Co. acquired a new position in Trinity Capital in the 2nd quarter valued at $54,000. Invesco Ltd. raised its holdings in Trinity Capital by 2.7% in the 2nd quarter. Invesco Ltd. now owns 838,194 shares of the company’s stock valued at $11,793,000 after acquiring an additional 21,729 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Trinity Capital during the 2nd quarter worth $346,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN opened at $18.12 on Wednesday. The business’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $16.64. The stock has a market cap of $1.72 billion, a PE ratio of 9.59 and a beta of 0.61. Trinity Capital has a one year low of $14.13 and a one year high of $18.90.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. As a group, equities research analysts predict that Trinity Capital will post 2.1 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 Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date is Thursday, September 10th. Trinity Capital’s dividend payout ratio is 116.57%.

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.