Trinity Capital (TRIN) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Trinity Capital in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TRIN shares.
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6 analysts have issued 1-year price targets for Trinity Capital's shares. Their TRIN share price targets range from $15.00 to $16.50. On average, they expect the company's share price to reach $15.58 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
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Trinity Capital's stock was trading at $14.53 on January 1st, 2024. Since then, TRIN shares have decreased by 2.5% and is now trading at $14.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Trinity Capital will be holding an earnings conference call on Wednesday, May 1st at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-7204.

Trinity Capital Inc. (NASDAQ:TRIN) released its quarterly earnings results on Wednesday, March, 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.01. The firm had revenue of $47.83 million for the quarter, compared to analysts' expectations of $46.79 million. Trinity Capital had a net margin of 42.28% and a trailing twelve-month return on equity of 16.86%. During the same period in the previous year, the company posted $0.57 EPS.

Trinity Capital declared a quarterly dividend on Thursday, March 14th. Investors of record on Thursday, March 28th will be paid a dividend of $0.51 per share on Monday, April 15th. This represents a $2.04 annualized dividend and a yield of 14.41%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for TRIN.

Trinity Capital (NASDAQ:TRIN) pays an annual dividend of $2.04 per share and currently has a dividend yield of 14.54%. TRIN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 106.81%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TRIN will have a dividend payout ratio of 93.58% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TRIN.

ETFs with the largest weight of Trinity Capital (NASDAQ:TRIN) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD) and Putnam BDC Income ETF (PBDC).VanEck BDC Income ETF (BIZD).

Trinity Capital (TRIN) raised $110 million in an IPO on Friday, January 29th 2021. The company issued 7,600,000 shares at a price of $13.50-$15.50 per share. Keefe, Bruyette & Woods (Stifel), Wells Fargo Securities and UBS Investment Bank ​ served as the underwriters for the IPO and Janney Montgomery Scott, B. Riley Securities, Ladenburg Thalmann and Compass Point were co-managers.

Trinity Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Melia Wealth LLC (2.21%), Hennion & Walsh Asset Management Inc. (0.32%), Confluence Investment Management LLC (0.12%) and Annex Advisory Services LLC (0.03%). Insiders that own company stock include David Michael Lund, Gerald Harder, Kyle Steven Brown, Michael Zacharia, Ronald E Estes, Ronald Kundich and Steve Louis Brown.
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Shares of TRIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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