Trinity Capital (NASDAQ:TRIN) Upgraded to Hold at Wall Street Zen

Trinity Capital (NASDAQ:TRIN) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities analysts have also issued research reports about the company. Citigroup reissued an “outperform” rating on shares of Trinity Capital in a report on Tuesday, January 27th. Noble Financial initiated coverage on Trinity Capital in a research note on Thursday, December 11th. They set a “buy” rating for the company. Capital One Financial set a $17.00 target price on Trinity Capital in a research note on Thursday, December 11th. Loop Capital set a $17.00 target price on Trinity Capital in a report on Thursday, December 11th. Finally, Clear Str upgraded Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.29.

Trinity Capital Price Performance

TRIN stock opened at $14.29 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 7.29 and a beta of 0.55. The company has a fifty day moving average price of $15.43 and a 200 day moving average price of $15.27. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $17.20.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. The company had revenue of $58.89 million for the quarter, compared to the consensus estimate of $79.83 million. As a group, analysts anticipate that Trinity Capital will post 2.06 earnings per share for the current year.

Insider Activity

In other Trinity Capital news, Chairman Steve Louis Brown acquired 27,109 shares of the stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $14.75 per share, with a total value of $399,857.75. Following the acquisition, the chairman owned 940,745 shares of the company’s stock, valued at $13,875,988.75. This trade represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kyle Steven Brown bought 3,532 shares of the company’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $50,013.12. Following the transaction, the chief executive officer directly owned 620,709 shares in the company, valued at $8,789,239.44. This trade represents a 0.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 37,682 shares of company stock valued at $553,902 over the last three months. 5.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. purchased a new position in Trinity Capital in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Trinity Capital during the 4th quarter worth $27,000. MCF Advisors LLC acquired a new position in shares of Trinity Capital during the 3rd quarter worth $52,000. JPMorgan Chase & Co. acquired a new position in shares of Trinity Capital during the 2nd quarter worth $54,000. Finally, Allworth Financial LP increased its holdings in shares of Trinity Capital by 54.5% in the 4th quarter. Allworth Financial LP now owns 6,040 shares of the company’s stock valued at $88,000 after purchasing an additional 2,131 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

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.