UBS Group Cuts Trinity Capital (NASDAQ:TRIN) Price Target to $16.50

Trinity Capital (NASDAQ:TRIN) had its price objective decreased by UBS Group from $18.00 to $16.50 in a report issued on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other brokerages also recently commented on TRIN. Keefe, Bruyette & Woods raised their price objective on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, February 28th.

Trinity Capital Trading Up 1.3 %

NASDAQ:TRIN opened at $14.32 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital has a 1-year low of $12.50 and a 1-year high of $16.82. The firm has a market capitalization of $899.74 million, a price-to-earnings ratio of 8.37 and a beta of 0.56. The business’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $14.76.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $70.83 million for the quarter, compared to the consensus estimate of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. On average, equities analysts expect that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.51 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.25%. Trinity Capital’s dividend payout ratio (DPR) is 99.03%.

Institutional Investors Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in shares of Trinity Capital during the 1st quarter worth approximately $38,000. McIlrath & Eck LLC acquired a new position in Trinity Capital during the third quarter worth $57,000. Trust Co. of Vermont bought a new position in Trinity Capital in the fourth quarter valued at $101,000. Aquatic Capital Management LLC acquired a new stake in Trinity Capital in the 4th quarter valued at $124,000. Finally, Blue Trust Inc. lifted its position in Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock worth $133,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

About Trinity Capital

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.