Trinity Capital (NASDAQ:TRIN) Stock Price Expected to Rise, UBS Group Analyst Says

Trinity Capital (NASDAQ:TRIN - Get Free Report) had its price target hoisted by analysts at UBS Group from $17.00 to $17.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 19.58% from the stock's previous close.

Several other analysts have also recently commented on the company. B. Riley initiated coverage on Trinity Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price target on Trinity Capital from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th.

Trinity Capital Stock Performance

Shares of Trinity Capital stock traded up $0.12 on Wednesday, reaching $14.64. 514,158 shares of the company were exchanged, compared to its average volume of 581,864. The company's 50-day moving average is $14.44 and its two-hundred day moving average is $14.89. The firm has a market cap of $946.17 million, a price-to-earnings ratio of 6.68 and a beta of 0.53. Trinity Capital has a 1-year low of $12.50 and a 1-year high of $16.82.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.01). Trinity Capital had a return on equity of 15.91% and a net margin of 50.74%. The company had revenue of $65.39 million for the quarter, compared to analyst estimates of $67.67 million. As a group, sell-side analysts forecast that Trinity Capital will post 2.06 earnings per share for the current year.

Insider Buying and Selling at Trinity Capital

In other news, Director Richard P. Hamada sold 3,335 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the completion of the sale, the director owned 93,735 shares of the company's stock, valued at $1,396,651.50. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Kyle Steven Brown acquired 3,513 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $14.22 per share, with a total value of $49,954.86. Following the completion of the acquisition, the chief executive officer owned 55,332 shares of the company's stock, valued at $786,821.04. This represents a 6.78% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,213 shares of company stock worth $89,005. 6.38% of the stock is owned by insiders.

Institutional Trading of Trinity Capital

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC raised its holdings in shares of Trinity Capital by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company's stock worth $3,188,000 after acquiring an additional 676 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Trinity Capital by 9.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company's stock valued at $176,000 after buying an additional 1,000 shares in the last quarter. PFG Investments LLC raised its holdings in Trinity Capital by 9.9% during the first quarter. PFG Investments LLC now owns 13,204 shares of the company's stock valued at $200,000 after buying an additional 1,188 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Trinity Capital by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,101 shares of the company's stock valued at $1,159,000 after buying an additional 1,554 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its holdings in Trinity Capital by 2.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 92,438 shares of the company's stock valued at $1,338,000 after buying an additional 1,844 shares in the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.