Trinity Capital Inc. (OTCMKTS:TRIN – Get Rating) – Stock analysts at B. Riley lowered their Q2 2022 earnings estimates for Trinity Capital in a research report issued on Wednesday, April 20th. B. Riley analyst S. Sherbetchyan now forecasts that the company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.47. B. Riley has a “Buy” rating and a $20.50 price objective on the stock. B. Riley also issued estimates for Trinity Capital’s Q3 2022 earnings at $0.43 EPS and Q4 2022 earnings at $0.43 EPS.
Trinity Capital (OTCMKTS:TRIN – Get Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.03). Trinity Capital had a net margin of 160.99% and a return on equity of 9.84%.
OTCMKTS:TRIN opened at $18.34 on Friday. The stock has a 50-day simple moving average of $18.19 and a two-hundred day simple moving average of $17.36. Trinity Capital has a 52-week low of $14.05 and a 52-week high of $20.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $500.46 million, a PE ratio of 3.84, a P/E/G ratio of 5.17 and a beta of 0.22.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in Trinity Capital by 16.9% in the fourth quarter. BlackRock Inc. now owns 77,172 shares of the company’s stock worth $1,356,000 after purchasing an additional 11,132 shares in the last quarter. Wells Fargo & Company MN grew its stake in Trinity Capital by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 35,612 shares of the company’s stock worth $626,000 after purchasing an additional 1,600 shares in the last quarter. NewEdge Advisors LLC bought a new position in Trinity Capital in the fourth quarter worth approximately $281,000. Goldman Sachs Group Inc. bought a new position in Trinity Capital in the fourth quarter worth approximately $1,194,000. Finally, Stifel Financial Corp grew its stake in Trinity Capital by 26.3% in the fourth quarter. Stifel Financial Corp now owns 461,600 shares of the company’s stock worth $8,115,000 after purchasing an additional 96,001 shares in the last quarter. Hedge funds and other institutional investors own 25.41% of the company’s stock.
In related news, CEO Steve Louis Brown acquired 1,550 shares of the firm’s stock in a transaction on Friday, March 18th. The shares were acquired at an average cost of $18.27 per share, for a total transaction of $28,318.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have acquired 2,475 shares of company stock worth $45,296. Company insiders own 3.80% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 30th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 8.72%. Trinity Capital’s dividend payout ratio is 33.47%.
Trinity Capital Company Profile (Get Rating)
Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland and Austin, Texas.
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