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

Key Points

• Analyst consensus: Eight brokerages give Trinity Capital a "Moderate Buy" average rating, with a 12‑month average target price of about $16.29.
• Dividend: The company announced a monthly $0.17 dividend (ex‑dividend June 11) implying a ~13.5% yield
• Recent results & insider activity: Trinity slightly beat EPS expectations ($0.52 vs. $0.51) but missed revenue materially ($58.9M vs. $79.8M), while the CEO and chairman recently purchased shares, modestly increasing their ownership.

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has assigned 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 $16.2857.

TRIN has been the subject of a number of research analyst reports. Clear Str upgraded Trinity Capital to a "strong-buy" rating in a report on Wednesday, February 4th. Wall Street Zen raised Trinity Capital from a "sell" rating to a "hold" rating in a research note on Sunday, March 29th. Finally, Citigroup reissued an "outperform" rating on shares of Trinity Capital in a research note on Tuesday, January 27th.

Trinity Capital Trading Up 0.2%

NASDAQ TRIN opened at $15.12 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 7.71 and a beta of 0.55. Trinity Capital has a twelve month low of $13.35 and a twelve month high of $17.20. The stock has a fifty day simple moving average of $15.10 and a 200-day simple moving average of $15.18.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The business had revenue of $58.89 million during the quarter, compared to analysts' expectations of $79.83 million. Trinity Capital had a return on equity of 14.97% and a net margin of 46.18%. Research analysts predict that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a yield of 13.5%. Trinity Capital's dividend payout ratio is presently 104.08%.

Insider Activity

In other news, CEO Kyle Steven Brown bought 3,532 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $14.16 per share, with a total value of $50,013.12. Following the purchase, the chief executive officer owned 620,709 shares in the company, valued at approximately $8,789,239.44. The trade was a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Steve Louis Brown bought 27,109 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $399,857.75. Following the purchase, the chairman owned 940,745 shares in the company, valued at $13,875,988.75. This represents a 2.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 37,682 shares of company stock worth $553,902. 5.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trinity Capital

Several hedge funds have recently bought and sold shares of the company. Mutual Advisors LLC acquired a new stake in Trinity Capital in the 3rd quarter valued at about $1,421,000. AWM Capital LLC raised its position in Trinity Capital by 174.2% in the 3rd quarter. AWM Capital LLC now owns 177,090 shares of the company's stock valued at $2,741,000 after purchasing an additional 112,507 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new stake in Trinity Capital in the 3rd quarter valued at about $1,959,000. Van ECK Associates Corp raised its position in Trinity Capital by 14.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company's stock valued at $27,032,000 after purchasing an additional 225,814 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in Trinity Capital by 58,959.3% in the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company's stock valued at $15,318,000 after purchasing an additional 943,348 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.

About Trinity Capital

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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