Trinity Capital Inc. (NASDAQ:TRIN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Trinity Capital, with four buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $16.67.
• Trinity Capital reported quarterly EPS of $0.51, slightly below the $0.52 consensus estimate, while revenue of $87.17 million also missed expectations of $91.44 million.
• The company declared a monthly dividend of $0.17 per share, equivalent to $2.04 annually and an approximately 11.6% yield; its payout ratio is 116.57%.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.67.

Separately, Keefe, Bruyette & Woods upped their price objective on shares of 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 Price Performance

Shares of TRIN stock opened at $17.57 on Friday. The company has a market capitalization of $1.66 billion, a P/E ratio of 9.30 and a beta of 0.63. The company's 50-day simple moving average is $17.98 and its two-hundred day simple moving average is $16.98. Trinity Capital has a one year low of $14.13 and a one year high of $18.90.

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

Trinity Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, December 11th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.6%. Trinity Capital's dividend payout ratio (DPR) is currently 116.57%.

Insider Transactions at Trinity Capital

In other Trinity Capital news, CEO Kyle Brown acquired 2,296 shares of Trinity Capital stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $18.04 per share, with a total value of $41,419.84. Following the completion of the purchase, the chief executive officer directly owned 612,262 shares of the company's stock, valued at approximately $11,045,206.48. This represents a 0.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in Trinity Capital by 16.3% during the second quarter. Envestnet Asset Management Inc. now owns 74,075 shares of the company's stock valued at $1,325,000 after purchasing an additional 10,364 shares in the last quarter. State Street Corp lifted its position in shares of Trinity Capital by 17.8% during the second quarter. State Street Corp now owns 106,371 shares of the company's stock valued at $1,903,000 after buying an additional 16,103 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Trinity Capital by 37.3% in the 2nd quarter. Allworth Financial LP now owns 8,826 shares of the company's stock valued at $158,000 after buying an additional 2,396 shares in the last quarter. Corient Private Wealth LP boosted its holdings in shares of Trinity Capital by 49.3% in the 2nd quarter. Corient Private Wealth LP now owns 150,732 shares of the company's stock valued at $2,697,000 after buying an additional 49,755 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Trinity Capital by 13.4% in the 2nd quarter. HighTower Advisors LLC now owns 19,458 shares of the company's stock worth $348,000 after buying an additional 2,294 shares during the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company that provides debt financing to venture capital- and private equity-backed companies, primarily those in the growth stage of their development. The company seeks to support businesses that may not yet have consistent access to traditional bank financing.

Its offerings include venture debt, term loans, equipment financing and other structured lending solutions designed to fund product development, capital expenditures, acquisitions, working capital and general corporate purposes.

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