Trinity Capital Inc. (NASDAQ:TRIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.58.

A number of equities research analysts have issued reports on TRIN shares. B. Riley reiterated a “buy” rating and issued a $16.50 target price (up from $16.00) on shares of Trinity Capital in a research note on Thursday, March 7th. UBS Group boosted their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Monday, March 18th.

Insider Activity

In other news, CEO Kyle Steven Brown acquired 3,354 shares of Trinity Capital stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the purchase, the chief executive officer now owns 821,477 shares of the company’s stock, valued at $12,248,222.07. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.75% of the stock is currently owned by company insiders.

Institutional Trading of Trinity Capital

Several large investors have recently added to or reduced their stakes in TRIN. Quadrature Capital Ltd acquired a new position in shares of Trinity Capital in the 3rd quarter valued at about $1,241,000. Barclays PLC purchased a new position in Trinity Capital during the third quarter valued at approximately $1,174,000. Cornerstone Wealth Management LLC acquired a new position in Trinity Capital in the 4th quarter valued at approximately $172,000. Avior Wealth Management LLC lifted its position in Trinity Capital by 76.9% in the 4th quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after buying an additional 1,791 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Trinity Capital by 16.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 33,646 shares of the company’s stock valued at $468,000 after buying an additional 4,746 shares during the period. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Trading Down 0.4 %

NASDAQ TRIN opened at $14.88 on Friday. The firm has a market capitalization of $690.98 million, a PE ratio of 7.79 and a beta of 0.62. Trinity Capital has a one year low of $11.32 and a one year high of $15.44. The company has a 50-day simple moving average of $14.58 and a 200-day simple moving average of $14.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, March 6th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $47.83 million for the quarter, compared to the consensus estimate of $46.79 million. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. During the same period last year, the company posted $0.57 earnings per share. On average, equities analysts forecast that Trinity Capital will post 2.21 earnings per share for the current year.

Trinity Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 13.71%. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, March 27th. Trinity Capital’s dividend payout ratio is presently 106.81%.

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.