Keefe, Bruyette & Woods Raises Trinity Capital (NASDAQ:TRIN) Price Target to $16.50

Trinity Capital (NASDAQ:TRIN) had its price objective upped by equities researchers at Keefe, Bruyette & Woods from $16.00 to $16.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential downside of 5.50% from the company’s current price.

Separately, 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 note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and an average price target of $16.71.

Trinity Capital Stock Up 1.3%

TRIN traded up $0.22 during trading on Thursday, hitting $17.46. The company’s stock had a trading volume of 233,130 shares, compared to its average volume of 1,204,799. The business’s 50 day simple moving average is $17.33 and its 200-day simple moving average is $16.29. The firm has a market cap of $1.57 billion, a PE ratio of 9.24 and a beta of 0.61. Trinity Capital has a one year low of $14.13 and a one year high of $18.25.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 EPS for the quarter, topping 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 firm had revenue of $51.37 million during the quarter, compared to analyst estimates of $85.87 million. Equities research analysts expect that Trinity Capital will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Trinity Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. purchased a new position in Trinity Capital during the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Trinity Capital during the 4th quarter valued at about $27,000. Sunbelt Securities Inc. bought a new stake in shares of Trinity Capital in the first quarter worth about $37,000. Fifth Third Bancorp purchased a new position in Trinity Capital during the 1st quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. bought a new stake in Trinity Capital in the 2nd quarter worth approximately $54,000. 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.