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

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.6429.

Several equities research analysts have recently issued reports on TRIN shares. Keefe, Bruyette & Woods raised their price objective on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Wall Street Zen raised Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Wells Fargo & Company raised their price objective on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $16.90 on Friday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 8.94 and a beta of 0.62. Trinity Capital has a 1 year low of $13.76 and a 1 year high of $17.38. The business has a 50 day simple moving average of $16.68 and a 200-day simple moving average of $15.82.

Trinity Capital (NASDAQ:TRIN) last posted 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 business had revenue of $51.37 million during the quarter, compared to analyst estimates of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. As a group, analysts expect that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, September 10th. Trinity Capital’s dividend payout ratio (DPR) is presently 107.94%.

Institutional Investors Weigh In On Trinity Capital

Several institutional investors have recently modified their holdings of the stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Trinity Capital in the third quarter worth approximately $1,959,000. Sound Income Strategies LLC raised its holdings in shares of Trinity Capital by 58,959.3% in the fourth quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after buying an additional 943,348 shares during the period. UBS Group AG raised its holdings in shares of Trinity Capital by 28.8% in the fourth quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock worth $15,220,000 after buying an additional 232,031 shares during the period. Van ECK Associates Corp raised its holdings in shares of Trinity Capital by 14.9% in the third quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock worth $27,032,000 after buying an additional 225,814 shares during the period. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Trinity Capital in the fourth quarter worth approximately $5,493,000. 24.62% of the stock is owned by institutional investors.

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.