Brokerages Set Trinity Capital Inc. (NASDAQ:TRIN) Price Target at $16.25

Trinity Capital Inc. (NASDAQ:TRIN) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.25.

TRIN has been the topic of a number of analyst reports. UBS Group reduced their price target on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. JMP Securities set a $17.50 target price on Trinity Capital in a report on Monday. Citigroup began coverage on Trinity Capital in a research report on Monday. They issued an “outperform” rating on the stock. Finally, Citizens Jmp assumed coverage on shares of Trinity Capital in a research report on Monday. They set a “market outperform” rating and a $17.50 price objective for the company.

Insider Activity at Trinity Capital

In other news, Director Ronald E. Estes acquired 2,000 shares of the stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $14.44 per share, for a total transaction of $28,880.00. Following the completion of the transaction, the director directly owned 38,779 shares in the company, valued at approximately $559,968.76. This trade represents a 5.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Steve Louis Brown bought 4,500 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $14.42 per share, with a total value of $64,890.00. Following the completion of the purchase, the chairman directly owned 818,466 shares of the company’s stock, valued at approximately $11,802,279.72. The trade was a 0.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 19,657 shares of company stock valued at $285,499 over the last three months. 5.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of Trinity Capital in the 2nd quarter valued at approximately $32,000. PNC Financial Services Group Inc. bought a new position in Trinity Capital in the 1st quarter valued at approximately $45,000. MCF Advisors LLC acquired a new stake in Trinity Capital in the third quarter valued at approximately $52,000. Allworth Financial LP bought a new stake in shares of Trinity Capital during the second quarter worth $53,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Trinity Capital during the second quarter worth $54,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Stock Up 0.5%

NASDAQ:TRIN opened at $15.25 on Monday. Trinity Capital has a 12-month low of $12.50 and a 12-month high of $16.82. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.96 and a beta of 0.53. The stock’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $15.06.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The business had revenue of $75.55 million for the quarter, compared to analyst estimates of $74.31 million. Equities research analysts expect that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Trinity Capital’s dividend payout ratio is 93.15%.

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.