Trinity Capital Inc. (NASDAQ:TRIN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.4375.

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. JMP Securities set a $17.50 price objective on Trinity Capital in a report on Monday, December 8th. Loop Capital set a $17.00 target price on Trinity Capital in a report on Thursday, December 11th. Capital One Financial set a $17.00 price target on Trinity Capital in a research note on Thursday, December 11th. Finally, Citizens Jmp started coverage on Trinity Capital in a report on Monday, December 8th. They issued a “market outperform” rating and a $17.50 price objective on the stock.

Insider Buying and Selling

In related news, Director Ronald E. Estes purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $14.44 per share, for a total transaction of $28,880.00. Following the acquisition, the director directly owned 38,779 shares in the company, valued at $559,968.76. The trade was a 5.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Steve Louis Brown acquired 4,500 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $14.42 per share, with a total value of $64,890.00. Following the transaction, the chairman directly owned 818,466 shares of the company’s stock, valued at $11,802,279.72. This represents a 0.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 20,157 shares of company stock valued at $292,074. Corporate insiders own 6.38% of the company’s stock.

Institutional Trading of Trinity Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC boosted its holdings in Trinity Capital by 2.7% in the third quarter. Cornerstone Wealth Management LLC now owns 33,342 shares of the company’s stock valued at $516,000 after purchasing an additional 889 shares during the last quarter. Canton Hathaway LLC boosted its stake in shares of Trinity Capital by 1.4% during the 2nd quarter. Canton Hathaway LLC now owns 96,571 shares of the company’s stock valued at $1,359,000 after buying an additional 1,315 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Trinity Capital by 8.6% during the fourth quarter. Moody National Bank Trust Division now owns 20,123 shares of the company’s stock worth $295,000 after buying an additional 1,586 shares in the last quarter. Blue Trust Inc. grew its position in shares of Trinity Capital by 40.3% during the second quarter. Blue Trust Inc. now owns 5,929 shares of the company’s stock worth $83,000 after buying an additional 1,704 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Trinity Capital in the fourth quarter valued at $27,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Down 0.8%

Trinity Capital stock opened at $16.39 on Tuesday. The firm has a market capitalization of $1.24 billion, a PE ratio of 7.48 and a beta of 0.53. Trinity Capital has a 52 week low of $12.50 and a 52 week high of $16.82. The firm’s 50-day simple moving average is $15.27 and its 200 day simple moving average is $15.34.

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

Trinity Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 12.4%. Trinity Capital’s payout ratio is presently 93.15%.

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.