Trinity Capital (NASDAQ:TRIN - Get Free Report) had its price objective lowered by investment analysts at B. Riley from $16.50 to $16.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley's price objective indicates a potential upside of 10.50% from the stock's previous close.
Separately, UBS Group lifted their price target on Trinity Capital from $16.00 to $16.50 and gave the stock a "buy" rating in a research note on Monday, March 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Trinity Capital currently has an average rating of "Moderate Buy" and an average target price of $15.50.
Check Out Our Latest Stock Analysis on TRIN
Trinity Capital Price Performance
NASDAQ:TRIN traded down $0.23 during mid-day trading on Thursday, reaching $14.48. The stock had a trading volume of 538,710 shares, compared to its average volume of 513,995. The firm has a 50 day moving average price of $14.66 and a two-hundred day moving average price of $14.50. The stock has a market capitalization of $711.69 million, a P/E ratio of 7.56 and a beta of 0.60. Trinity Capital has a one year low of $11.32 and a one year high of $15.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.06 and a current ratio of 0.06.
Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.03). The firm had revenue of $50.45 million during the quarter, compared to the consensus estimate of $50.09 million. Trinity Capital had a return on equity of 16.86% and a net margin of 42.28%. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, analysts expect that Trinity Capital will post 2.21 earnings per share for the current year.
Insider Activity
In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of Trinity Capital stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost 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 of the company's stock, valued at $12,248,222.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 7.75% of the company's stock.
Institutional Investors Weigh In On Trinity Capital
Several hedge funds have recently made changes to their positions in the company. AWM Capital LLC boosted its position in shares of Trinity Capital by 3.2% during the third quarter. AWM Capital LLC now owns 22,912 shares of the company's stock valued at $319,000 after purchasing an additional 715 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Trinity Capital by 2.8% during the fourth quarter. Private Advisor Group LLC now owns 34,735 shares of the company's stock valued at $505,000 after purchasing an additional 933 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Trinity Capital by 9.1% during the fourth quarter. Chicago Partners Investment Group LLC now owns 17,464 shares of the company's stock valued at $241,000 after purchasing an additional 1,451 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Trinity Capital by 76.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company's stock valued at $60,000 after purchasing an additional 1,791 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new stake in shares of Trinity Capital during the fourth quarter valued at approximately $45,000. 24.62% of the stock is currently owned by institutional investors.
About Trinity Capital
(
Get Free Report)
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.
Further Reading
Before you consider Trinity Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trinity Capital wasn't on the list.
While Trinity Capital currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
