Trinity Capital (NASDAQ:TRIN - Get Free Report) announced its earnings results on Wednesday. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03), Zacks reports. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The business had revenue of $50.45 million for the quarter, compared to analyst estimates of $50.09 million. During the same quarter in the prior year, the business earned $0.52 earnings per share.
Trinity Capital Stock Performance
Shares of TRIN stock traded down $0.23 on Thursday, hitting $14.48. 538,710 shares of the stock traded hands, compared to its average volume of 513,995. The company's fifty day moving average is $14.66 and its 200 day moving average is $14.50. Trinity Capital has a 1-year low of $11.32 and a 1-year high of $15.44. The company has a market capitalization of $711.69 million, a PE ratio of 7.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06.
Trinity Capital Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.09%. This is an increase from Trinity Capital's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 27th. Trinity Capital's payout ratio is 106.81%.
Analyst Ratings Changes
TRIN has been the subject of a number of recent analyst reports. B. Riley lowered their price objective on Trinity Capital from $16.50 to $16.00 and set a "buy" rating for the company in a research note on Thursday. UBS Group raised their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a "buy" rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.
Get Our Latest Analysis on Trinity Capital
Insiders Place Their Bets
In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the company's stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the acquisition, the chief executive officer now owns 821,477 shares of the company's stock, valued at $12,248,222.07. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.75% of the stock is currently owned by corporate insiders.
About Trinity Capital
(
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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.
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