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

Trinity Capital Inc. (NASDAQ:TRIN) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.6429.

Several brokerages have issued reports on TRIN. Wells Fargo & Company upped their target price on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Clear Str upgraded Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th.

Trinity Capital Stock Performance

Shares of NASDAQ TRIN opened at $16.86 on Monday. Trinity Capital has a 12-month low of $13.76 and a 12-month high of $17.38. The stock has a market cap of $1.52 billion, a PE ratio of 8.92 and a beta of 0.62. The company has a 50-day moving average of $15.88 and a 200 day moving average of $15.51.

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

Trinity Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 12.1%. Trinity Capital’s dividend payout ratio is 107.94%.

Insiders Place Their Bets

In other Trinity Capital news, Chairman Steve Louis Brown acquired 27,109 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $14.75 per share, with a total value of $399,857.75. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kyle Steven Brown acquired 3,532 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $14.16 per share, with a total value of $50,013.12. Following the completion of the transaction, the chief executive officer directly owned 620,709 shares in the company, valued at approximately $8,789,239.44. The trade was a 0.57% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 34,349 shares of company stock valued at $504,240. Company 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. Goldman Sachs Group Inc. boosted its position in shares of Trinity Capital by 609.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,672 shares of the company’s stock worth $2,072,000 after purchasing an additional 117,420 shares during the period. Empowered Funds LLC purchased a new position in shares of Trinity Capital during the 1st quarter worth approximately $234,000. JPMorgan Chase & Co. purchased a new position in shares of Trinity Capital during the 2nd quarter worth approximately $54,000. Invesco Ltd. boosted its position in shares of Trinity Capital by 2.7% during the 2nd quarter. Invesco Ltd. now owns 838,194 shares of the company’s stock worth $11,793,000 after purchasing an additional 21,729 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Trinity Capital during the 2nd quarter worth approximately $346,000. 24.62% of the stock is 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.