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

Trinity Capital Inc. (NASDAQ:TRIN) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.2857.

A number of research analysts have recently commented on the company. Capital One Financial set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Clear Str raised shares of Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Loop Capital set a $17.00 price objective on shares of Trinity Capital in a report on Thursday, December 11th. Finally, Noble Financial assumed coverage on shares of Trinity Capital in a research note on Thursday, December 11th. They issued a “buy” rating for the company.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.97 on Friday. The stock has a 50-day simple moving average of $15.75 and a 200 day simple moving average of $15.48. Trinity Capital has a twelve month low of $12.50 and a twelve month high of $17.20. The stock has a market capitalization of $1.13 billion, a PE ratio of 6.84 and a beta of 0.53.

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.17 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%. Trinity Capital’s dividend payout ratio (DPR) is currently 93.15%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mutual Advisors LLC acquired a new position in shares of Trinity Capital in the 3rd quarter valued at $1,421,000. AWM Capital LLC increased its stake in Trinity Capital by 174.2% in the third quarter. AWM Capital LLC now owns 177,090 shares of the company’s stock valued at $2,741,000 after acquiring an additional 112,507 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Trinity Capital in the second quarter valued at about $2,136,000. Beacon Pointe Advisors LLC acquired a new position in Trinity Capital in the second quarter worth about $737,000. Finally, Allworth Financial LP bought a new position in Trinity Capital during the second quarter worth about $53,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Company Profile

Trinity Capital Corporation (NASDAQ: TRIN) is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.