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

Shares of Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.58.

Several equities analysts have weighed in on the stock. B. Riley reiterated a "buy" rating and issued a $16.50 target price (up from $16.00) on shares of Trinity Capital in a report on Thursday, March 7th. UBS Group increased their price objective on Trinity Capital from $16.00 to $16.50 and gave the stock a "buy" rating in a research report on Monday, March 18th.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown acquired 3,354 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $14.91 per share, with a total value of $50,008.14. Following the completion of the purchase, the chief executive officer now owns 821,477 shares in the company, valued at approximately $12,248,222.07. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.75% of the stock is owned by corporate insiders.

Institutional Trading of Trinity Capital

Several hedge funds have recently modified their holdings of TRIN. Confluence Investment Management LLC acquired a new stake in Trinity Capital in the 1st quarter valued at about $835,000. Quadrature Capital Ltd increased its stake in shares of Trinity Capital by 10.9% during the fourth quarter. Quadrature Capital Ltd now owns 98,918 shares of the company's stock worth $1,437,000 after buying an additional 9,759 shares during the period. Tucker Asset Management LLC acquired a new stake in Trinity Capital in the fourth quarter valued at approximately $45,000. Chicago Partners Investment Group LLC lifted its stake in Trinity Capital by 9.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 17,464 shares of the company's stock worth $241,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Greenwich Investment Management Inc. grew its holdings in Trinity Capital by 0.6% during the 4th quarter. Greenwich Investment Management Inc. now owns 1,204,660 shares of the company's stock worth $17,504,000 after acquiring an additional 6,606 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Trinity Capital Price Performance

Shares of TRIN stock traded down $0.19 during trading hours on Monday, reaching $14.49. The company had a trading volume of 665,084 shares, compared to its average volume of 533,974. Trinity Capital has a 12-month low of $11.15 and a 12-month high of $15.44. The company has a market capitalization of $672.87 million, a price-to-earnings ratio of 7.59 and a beta of 0.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a fifty day moving average of $14.40 and a 200-day moving average of $14.42.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). Trinity Capital had a return on equity of 16.86% and a net margin of 42.28%. The company had revenue of $47.83 million during the quarter, compared to analyst estimates of $46.79 million. During the same period last year, the business earned $0.57 earnings per share. On average, equities analysts anticipate that Trinity Capital will post 2.21 earnings per share for the current year.

Trinity Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 14.08%. The ex-dividend date is Wednesday, March 27th. This is an increase from Trinity Capital's previous quarterly dividend of $0.50. Trinity Capital's dividend payout ratio (DPR) is 106.81%.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.