Trinity Capital (NASDAQ:TRIN) Price Target Raised to $17.00 at B. Riley

Key Points

• B. Riley raised the price target for Trinity Capital (NASDAQ:TRIN) from $16.00 to $17.00, indicating a potential upside of 9.78% from the current price.
• Trinity Capital recently reported $0.53 earnings per share, slightly beating the consensus estimate of $0.52, with total revenue of $69.48 million for the quarter.
• Insiders have shown mixed activity with Director Richard P. Hamada selling shares while CEO Kyle Steven Brown increased his ownership, acquiring more shares at an average price of $14.22.

Trinity Capital (NASDAQ:TRIN - Free Report) had its price objective boosted by B. Riley from $16.00 to $17.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Trinity Capital's FY2025 earnings at $2.08 EPS, Q1 2026 earnings at $0.52 EPS, Q2 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.51 EPS and FY2026 earnings at $2.05 EPS.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. UBS Group boosted their price objective on shares of Trinity Capital from $17.00 to $17.50 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th.

Trinity Capital Stock Down 0.4%

NASDAQ:TRIN traded down $0.07 during trading hours on Thursday, hitting $15.75. 789,776 shares of the stock were exchanged, compared to its average volume of 647,144. The company's 50 day moving average is $14.61 and its two-hundred day moving average is $14.95. The company has a market capitalization of $1.11 billion, a P/E ratio of 7.06 and a beta of 0.54. Trinity Capital has a twelve month low of $12.50 and a twelve month high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $69.48 million during the quarter, compared to the consensus estimate of $68.84 million. Trinity Capital had a net margin of 51.88% and a return on equity of 15.72%. On average, equities research analysts expect that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Monday, June 30th. Trinity Capital's payout ratio is currently 91.48%.

Insider Activity

In other Trinity Capital news, Director Richard P. Hamada sold 3,335 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $14.90, for a total transaction of $49,691.50. Following the completion of the transaction, the director owned 93,735 shares in the company, valued at approximately $1,396,651.50. The trade was a 3.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought 2,700 shares of company stock worth $39,050 over the last 90 days. 6.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trinity Capital

Large investors have recently bought and sold shares of the business. Round Rock Advisors LLC grew its stake in shares of Trinity Capital by 178.2% during the first quarter. Round Rock Advisors LLC now owns 532,931 shares of the company's stock valued at $8,079,000 after purchasing an additional 341,343 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Trinity Capital by 689.7% during the 1st quarter. LPL Financial LLC now owns 372,983 shares of the company's stock valued at $5,654,000 after purchasing an additional 325,753 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Trinity Capital by 652.3% in the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock worth $3,522,000 after purchasing an additional 211,060 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Trinity Capital during the 2nd quarter valued at $2,136,000. Finally, Sovereign s Capital Management LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth $2,157,000. 24.62% of the stock is currently owned by institutional investors.

About Trinity Capital

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.