Q1 2024 EPS Estimates for Trinity Capital Inc. (NASDAQ:TRIN) Increased by B. Riley

Trinity Capital Inc. (NASDAQ:TRIN) – Research analysts at B. Riley upped their Q1 2024 EPS estimates for shares of Trinity Capital in a report released on Thursday, November 2nd. B. Riley analyst B. Rowe now expects that the company will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.50. B. Riley currently has a “Buy” rating and a $14.00 price target on the stock. The consensus estimate for Trinity Capital’s current full-year earnings is $2.18 per share. B. Riley also issued estimates for Trinity Capital’s Q3 2024 earnings at $0.54 EPS and Q4 2024 earnings at $0.55 EPS.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, August 2nd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $46.05 million for the quarter, compared to the consensus estimate of $41.27 million. Trinity Capital had a net margin of 32.82% and a return on equity of 18.38%.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods raised shares of Trinity Capital from an “underperform” rating to a “market perform” rating and set a $15.00 target price on the stock in a research report on Monday, August 7th. Oppenheimer raised their price objective on shares of Trinity Capital from $13.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. UBS Group raised their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Compass Point raised shares of Trinity Capital from a “neutral” rating to a “buy” rating and set a $15.50 price objective on the stock in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.31.

Trinity Capital Trading Up 0.1 %

NASDAQ TRIN opened at $14.59 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.06 and a quick ratio of 0.06. The firm’s fifty day moving average price is $14.10 and its 200 day moving average price is $13.66. The company has a market capitalization of $536.37 million, a price-to-earnings ratio of 9.93 and a beta of 0.62. Trinity Capital has a 12 month low of $10.23 and a 12 month high of $15.37.

Institutional Trading of Trinity Capital

Several hedge funds have recently made changes to their positions in TRIN. Avior Wealth Management LLC acquired a new stake in shares of Trinity Capital in the 3rd quarter worth $32,000. Bank of America Corp DE lifted its stake in shares of Trinity Capital by 259.9% in the 1st quarter. Bank of America Corp DE now owns 2,631 shares of the company’s stock worth $33,000 after acquiring an additional 1,900 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Trinity Capital by 296.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock worth $44,000 after acquiring an additional 2,603 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Trinity Capital in the 2nd quarter worth $78,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Trinity Capital in the 1st quarter worth $127,000. Institutional investors and hedge funds own 21.26% of the company’s stock.

Trinity Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Saturday, September 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 14.80%. The ex-dividend date was Thursday, September 28th. This is a boost from Trinity Capital’s previous quarterly dividend of $0.53. Trinity Capital’s dividend payout ratio (DPR) is 133.33%.

Trinity Capital Company Profile

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 the United States.