Trinity Capital Inc. (NASDAQ:TRIN) Stock Has Consensus Price Target of $16.60 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Trinity Capital, with three buys, one strong buy, one hold and one sell. The average 12-month price target is $16.60.
• Trinity Capital reported quarterly EPS of $0.51, slightly below the $0.52 consensus, while revenue of $87.17 million also missed expectations of $91.44 million.
• The company declared a monthly dividend of $0.17 per share, equating to an annualized $2.04 payout and an exceptionally high 11.9% dividend yield.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.60.

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

Insider Activity

In related news, CEO Kyle Brown bought 2,296 shares of the business's stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $18.04 per share, for a total transaction of $41,419.84. Following the purchase, the chief executive officer directly 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 the SEC website. Insiders own 4.25% of the company's stock.

Hedge Funds Weigh In On Trinity Capital

A number of large investors have recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Trinity Capital during the 2nd quarter valued at $25,000. Burk Holdings LLC purchased a new stake in shares of Trinity Capital in the second quarter worth $32,000. Fifth Third Bancorp purchased a new stake in shares of Trinity Capital in the first quarter worth $37,000. Sunbelt Securities Inc. purchased a new stake in shares of Trinity Capital in the first quarter worth $37,000. Finally, State of Alaska Department of Revenue bought a new stake in Trinity Capital during the third quarter valued at $64,000. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Trading Up 1.7%

Shares of NASDAQ TRIN opened at $17.07 on Thursday. The stock has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $16.68. Trinity Capital has a 1-year low of $14.13 and a 1-year high of $18.90. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 9.03 and a beta of 0.63.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.51 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 for the quarter, compared to analysts' expectations of $91.44 million. Analysts forecast that Trinity Capital will post 2.10 EPS for the current year.

Trinity Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be given a $0.17 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.04 annualized dividend and a dividend yield of 11.9%. Trinity Capital's payout ratio is 116.57%.

About Trinity Capital

Trinity Capital Inc NASDAQ: TRIN is a business development company that provides debt financing to venture capital- and private equity-backed companies. The company focuses primarily on growth-stage businesses that may require capital to support expansion, product development, acquisitions, working capital and other corporate needs.

Through its investment platform, Trinity Capital offers a range of financing solutions, including secured loans, equipment financing, growth capital and other customized debt structures.

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