Trinity Capital Inc. (NASDAQ:TRIN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $16.6667.

Separately, Keefe, Bruyette & Woods boosted their price target on Trinity Capital from $16.00 to $16.50 and gave the stock a "market perform" rating in a research note on Thursday, August 6th.

Trinity Capital Stock Down 0.6%

Shares of NASDAQ TRIN opened at $18.12 on Wednesday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.59 and a beta of 0.61. Trinity Capital has a 52 week low of $14.13 and a 52 week high of $18.90. The firm has a 50-day moving average price of $17.96 and a 200 day moving average price of $16.64.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $87.17 million for the quarter, compared to analyst estimates of $91.44 million. Equities research analysts expect that Trinity Capital will post 2.1 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.3%. Trinity Capital's payout ratio is currently 116.57%.

Insider Buying and Selling

In other news, CEO Kyle Brown bought 2,296 shares of the firm's stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $18.04 per share, for a total transaction of $41,419.84. Following the completion of the transaction, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. This trade represents a 0.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.25% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Trinity Capital by 39.3% in the 2nd quarter. Van ECK Associates Corp now owns 2,153,437 shares of the company's stock worth $38,525,000 after buying an additional 607,988 shares in the last quarter. Melia Wealth LLC purchased a new position in Trinity Capital during the 2nd quarter valued at about $24,221,000. Sound Income Strategies LLC raised its position in Trinity Capital by 9.4% during the second quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company's stock worth $22,716,000 after acquiring an additional 109,291 shares during the last quarter. Marshall Wace LLP raised its position in Trinity Capital by 4,587.0% during the third 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 last quarter. Finally, UBS Group AG raised its position in Trinity Capital by 28.8% during the fourth quarter. UBS Group AG now owns 1,038,928 shares of the company's stock worth $15,220,000 after acquiring an additional 232,031 shares during the last quarter. Hedge funds and other 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.

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