Trinity Capital (NASDAQ:TRIN) Price Target Raised to $17.50 at UBS Group

Trinity Capital (NASDAQ:TRIN - Free Report) had its price objective increased by UBS Group from $17.00 to $17.50 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reduced their target price on shares of Trinity Capital from $16.00 to $15.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. 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. Finally, B. Riley started coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $16.00 price target on the stock.

Trinity Capital Stock Performance

Shares of TRIN remained flat at $14.97 during mid-day trading on Wednesday. 531,612 shares of the stock were exchanged, compared to its average volume of 588,461. The stock's 50-day simple moving average is $14.49 and its 200-day simple moving average is $14.90. Trinity Capital has a fifty-two week low of $12.50 and a fifty-two week high of $16.82. The company has a market cap of $967.81 million, a P/E ratio of 6.84 and a beta of 0.53.

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

Trinity Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 13.63%. The ex-dividend date was Monday, June 30th. Trinity Capital's dividend payout ratio (DPR) is 93.15%.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,513 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $14.22 per share, with a total value of $49,954.86. Following the completion of the purchase, the chief executive officer directly owned 55,332 shares in the company, valued at approximately $786,821.04. This trade represents a 6.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard P. Hamada sold 3,335 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $14.90, for a total transaction of $49,691.50. Following the sale, the director directly owned 93,735 shares of the company's stock, valued at approximately $1,396,651.50. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 6,213 shares of company stock valued at $89,005. Company insiders own 5.31% of the company's stock.

Institutional Trading of Trinity Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIN. Kennedy Capital Management LLC lifted its position in shares of Trinity Capital by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company's stock valued at $3,188,000 after acquiring an additional 676 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Trinity Capital by 9.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company's stock valued at $176,000 after acquiring an additional 1,000 shares in the last quarter. PFG Investments LLC lifted its position in shares of Trinity Capital by 9.9% in the 1st quarter. PFG Investments LLC now owns 13,204 shares of the company's stock valued at $200,000 after acquiring an additional 1,188 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Trinity Capital by 2.0% in the 4th quarter. Corient Private Wealth LLC now owns 80,101 shares of the company's stock valued at $1,159,000 after acquiring an additional 1,554 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its position in shares of Trinity Capital by 2.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 92,438 shares of the company's stock valued at $1,338,000 after acquiring an additional 1,844 shares in the last quarter. 24.62% of the stock is owned by institutional investors and hedge funds.

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.