Trinity Capital Inc. (NASDAQ:TRIN) Receives $16.64 Average Price Target from Analysts

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

A number of brokerages recently issued reports on TRIN. Wells Fargo & Company raised their price objective on Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Keefe, Bruyette & Woods lifted their price objective on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th.

Institutional Investors Weigh In On Trinity Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Trinity Capital by 2.2% in the fourth quarter. Van ECK Associates Corp now owns 1,785,503 shares of the company’s stock valued at $26,158,000 after buying an additional 39,286 shares during the last quarter. Melia Wealth LLC grew its holdings in Trinity Capital by 1.2% during the fourth quarter. Melia Wealth LLC now owns 1,193,518 shares of the company’s stock worth $17,485,000 after acquiring an additional 14,222 shares during the period. Sound Income Strategies LLC grew its holdings in Trinity Capital by 22.8% during the first quarter. Sound Income Strategies LLC now owns 1,160,453 shares of the company’s stock worth $17,163,000 after acquiring an additional 215,505 shares during the period. Marshall Wace LLP grew its holdings in Trinity Capital by 4,587.0% in the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after purchasing an additional 1,126,709 shares during the last quarter. Finally, UBS Group AG grew its holdings in Trinity Capital by 28.8% in the fourth quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after purchasing an additional 232,031 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Trading Up 0.9%

Shares of NASDAQ:TRIN opened at $17.89 on Friday. The business has a 50-day moving average price of $16.78 and a 200 day moving average price of $15.86. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.47 and a beta of 0.62. Trinity Capital has a 12-month low of $13.97 and a 12-month high of $18.04.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $51.37 million during the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. 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 disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 11.4%. Trinity Capital’s payout ratio is currently 107.94%.

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.