Trinity Capital Inc. (NASDAQ:TRIN) Receives $16.64 Average Target Price from Analysts

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.6429.

TRIN has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday, May 7th.

Hedge Funds Weigh In On Trinity Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its holdings in shares of Trinity Capital by 4,587.0% during the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after acquiring an additional 1,126,709 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Trinity Capital by 58,959.2% in the fourth quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock valued at $15,318,000 after purchasing an additional 943,348 shares during the period. Eagle Point Credit Management LLC purchased a new stake in shares of Trinity Capital in the fourth quarter valued at about $10,657,000. Two Sigma Investments LP increased its position in Trinity Capital by 83.5% during the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after purchasing an additional 448,626 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new stake in Trinity Capital during the fourth quarter worth about $5,493,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $17.46 on Tuesday. The business has a fifty day moving average price of $17.18 and a 200 day moving average price of $16.17. The company has a market cap of $1.57 billion, a P/E ratio of 9.24 and a beta of 0.61. Trinity Capital has a one year low of $14.13 and a one year high of $18.12.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The company had revenue of $51.37 million for the quarter, compared to analysts’ expectations of $85.87 million. As a group, sell-side analysts predict that Trinity Capital will post 2.1 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. Trinity Capital’s dividend payout ratio is 107.94%.

About Trinity Capital

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.