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

Key Points

• Analyst sentiment is moderately positive: Seven brokerages collectively rate Trinity Capital “Moderate Buy,” with four buys, one strong buy, one hold and one sell. The average 12-month price target is $16.67.
• TRIN shares opened at $18.14, near their 12-month high of $18.57, with a $1.72 billion market capitalization and a 9.60 price-to-earnings ratio.
• Trinity Capital announced a monthly dividend of $0.17 per share, equivalent to an indicated 11.2% yield, while CEO Kyle Steven Brown recently purchased 2,296 shares worth about $41,420.

Shares of Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.6667.

TRIN has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Trinity Capital from $13.50 to $15.00 and gave the stock an "underweight" rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods lifted their price objective 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.

Trinity Capital Price Performance

Shares of TRIN stock opened at $18.14 on Friday. Trinity Capital has a 12-month low of $14.13 and a 12-month high of $18.57. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.60 and a beta of 0.61. The business has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $16.37.

Trinity Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Thursday, September 10th. Trinity Capital's dividend payout ratio is currently 116.57%.

Insider Buying and Selling

In related news, CEO Kyle Steven Brown bought 2,296 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $18.04 per share, with a total value of $41,419.84. Following the purchase, the chief executive officer owned 612,262 shares in the company, valued at approximately $11,045,206.48. This represents a 0.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.25% of the company's stock.

Institutional Trading of Trinity Capital

Institutional investors have recently made changes to their positions in the stock. UBS Group AG raised its holdings in Trinity Capital by 28.8% during the fourth quarter. UBS Group AG now owns 1,038,928 shares of the company's stock worth $15,220,000 after purchasing an additional 232,031 shares in the last quarter. Closed End Fund Advisors Inc. bought a new position in Trinity Capital during the 4th quarter valued at $5,493,000. Independent Financial Group LLC bought a new position in Trinity Capital during the 1st quarter valued at $933,000. Sound Income Strategies LLC increased its position in shares of Trinity Capital by 9.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company's stock valued at $22,716,000 after purchasing an additional 109,291 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Trinity Capital by 5.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 964,548 shares of the company's stock valued at $14,131,000 after purchasing an additional 48,764 shares during the period. 24.62% of the stock is owned by institutional investors and hedge funds.

Trinity Capital Company Profile

Trinity Capital Corporation NASDAQ: TRIN is a publicly traded business development company that provides flexible financing solutions to venture-backed and growth-stage companies. As a venture lender, Trinity Capital offers customized capital structures, including secured debt and equity co-investment, designed to support companies that have progressed beyond early-stage funding but still require non-dilutive growth capital.

The company focuses its investments on technology-driven sectors such as software, fintech, healthcare, life sciences and cleantech.

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