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

Trinity Capital Inc. (NASDAQ:TRIN) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.4375.

A number of brokerages have recently weighed in on TRIN. Capital One Financial set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Loop Capital set a $17.00 price objective on shares of Trinity Capital in a report on Thursday, December 11th. Noble Financial initiated coverage on shares of Trinity Capital in a research note on Thursday, December 11th. They set a “buy” rating for the company. Citizens Jmp initiated coverage on shares of Trinity Capital in a research report on Monday, December 8th. They issued a “market outperform” rating and a $17.50 price target on the stock. Finally, JMP Securities set a $17.50 price target on shares of Trinity Capital in a report on Monday, December 8th.

Trinity Capital Stock Performance

Shares of Trinity Capital stock opened at $16.39 on Tuesday. Trinity Capital has a 1 year low of $12.50 and a 1 year 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. The firm has a market cap of $1.24 billion, a PE ratio of 7.48 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The firm had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. On average, equities analysts predict that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

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

Insider Activity

In related news, CEO Kyle Steven Brown acquired 6,920 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $14.44 per share, for a total transaction of $99,924.80. Following the purchase, the chief executive officer directly owned 997,033 shares in the company, valued at $14,397,156.52. This represents a 0.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald E. Estes bought 2,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was bought 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 of the company’s stock, valued at $559,968.76. This trade represents a 5.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 20,157 shares of company stock valued at $292,074. 6.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trinity Capital

Several institutional investors have recently modified their holdings of TRIN. AWM Capital LLC grew its position in Trinity Capital by 174.2% in the 3rd quarter. AWM Capital LLC now owns 177,090 shares of the company’s stock worth $2,741,000 after purchasing an additional 112,507 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Trinity Capital during the second quarter valued at approximately $2,136,000. Beacon Pointe Advisors LLC acquired a new position in shares of Trinity Capital during the second quarter worth approximately $737,000. Allworth Financial LP acquired a new position in shares of Trinity Capital during the second quarter worth approximately $53,000. Finally, D.A. Davidson & CO. grew its holdings in Trinity Capital by 95.4% in the 2nd quarter. D.A. Davidson & CO. now owns 20,590 shares of the company’s stock worth $290,000 after buying an additional 10,052 shares in the last quarter. Institutional investors 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.