Brokerages Set Trinity Capital Inc. (NASDAQ:TRIN) Price Target at $16.64

Trinity Capital Inc. (NASDAQ:TRIN) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.6429.

A number of equities analysts recently weighed in on TRIN shares. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. 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. Finally, Wells Fargo & Company lifted their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th.

Trinity Capital Price Performance

Shares of NASDAQ TRIN opened at $17.26 on Tuesday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 9.13 and a beta of 0.61. The business has a 50-day moving average of $17.19 and a 200-day moving average of $16.18. Trinity Capital has a fifty-two week low of $14.13 and a fifty-two week high of $18.12.

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

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, September 10th. Trinity Capital’s dividend payout ratio is presently 107.94%.

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of TRIN. Sound Income Strategies LLC raised its stake in Trinity Capital by 58,959.2% in the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock valued at $15,318,000 after acquiring an additional 943,348 shares during the period. UBS Group AG lifted its holdings in Trinity Capital by 28.8% during the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after purchasing an additional 232,031 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in Trinity Capital during the fourth quarter worth $5,493,000. Independent Financial Group LLC bought a new position in Trinity Capital during the first quarter worth $933,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Trinity Capital by 18.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 317,155 shares of the company’s stock valued at $4,646,000 after purchasing an additional 48,436 shares during 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.