Trinity Capital (NASDAQ:TRIN) Earns Buy Rating from B. Riley Financial

Trinity Capital (NASDAQ:TRIN)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley Financial in a research report issued on Friday, Benzinga reports. They presently have a $20.00 price target on the stock, up from their prior price target of $19.00. B. Riley Financial‘s target price points to a potential upside of 12.36% from the stock’s previous close.

A number of other research firms also recently issued reports on TRIN. Wells Fargo & Company increased their price objective on Trinity Capital from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on Trinity Capital from $16.50 to $18.00 and gave the company a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.58.

Trinity Capital Price Performance

TRIN stock traded up $0.06 during trading hours on Friday, reaching $17.80. 382,971 shares of the stock were exchanged, compared to its average volume of 1,124,182. The firm’s 50-day moving average is $17.42 and its 200-day moving average is $16.72. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 9.43 and a beta of 0.66. Trinity Capital has a 12 month low of $14.13 and a 12 month high of $18.90.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $87.17 million during the quarter, compared to the consensus estimate of $91.44 million. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. As a group, equities research analysts forecast that Trinity Capital will post 2.10 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of Trinity Capital by 6.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,312 shares of the company’s stock worth $255,000 after buying an additional 1,079 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Trinity Capital by 8.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 14,076 shares of the company’s stock valued at $247,000 after acquiring an additional 1,100 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Trinity Capital in the second quarter valued at about $25,000. Empowered Funds LLC raised its holdings in Trinity Capital by 10.5% during the first quarter. Empowered Funds LLC now owns 16,877 shares of the company’s stock worth $248,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Trinity Capital by 3.4% during the third quarter. Oppenheimer & Co. Inc. now owns 48,702 shares of the company’s stock worth $855,000 after acquiring an additional 1,621 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

About Trinity Capital

Trinity Capital Inc (NASDAQ:TRIN) is a business development company that provides debt financing to venture capital- and private equity-backed companies. The company focuses primarily on growth-stage businesses that may require capital to support expansion, product development, acquisitions, working capital and other corporate needs.

Through its investment platform, Trinity Capital offers a range of financing solutions, including secured loans, equipment financing, growth capital and other customized debt structures.