Trinity Capital (NASDAQ:TRIN) Upgraded at Clear Str

Trinity Capital (NASDAQ:TRIN) was upgraded by research analysts at Clear Str to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Loop Capital set a $17.00 price objective on Trinity Capital in a report on Thursday, December 11th. Citizens Jmp started coverage on Trinity Capital in a research report on Monday, December 8th. They set a “market outperform” rating and a $17.50 price target on the stock. Noble Financial assumed coverage on Trinity Capital in a research note on Thursday, December 11th. They set a “buy” rating on the stock. Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Finally, JMP Securities set a $17.50 target price on shares of Trinity Capital in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.44.

Trinity Capital Stock Performance

TRIN opened at $16.19 on Wednesday. The stock’s 50 day moving average price is $15.62 and its 200-day moving average price is $15.44. Trinity Capital has a one year low of $12.50 and a one year high of $17.20. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 7.39 and a beta of 0.53.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $75.55 million for the quarter, compared to analysts’ expectations of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. As a group, analysts predict that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Insider Activity

In other Trinity Capital news, Chairman Steve Louis Brown acquired 2,137 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $14.52 per share, with a total value of $31,029.24. Following the completion of the purchase, the chairman owned 820,603 shares in the company, valued at $11,915,155.56. This trade represents a 0.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 5,137 shares of company stock valued at $75,339. 5.31% of the stock is currently owned by insiders.

Institutional Trading of Trinity Capital

Large investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Trinity Capital in the 4th quarter valued at about $27,000. First Horizon Advisors Inc. acquired a new position in Trinity Capital during the second quarter worth approximately $32,000. MCF Advisors LLC purchased a new stake in Trinity Capital in the third quarter valued at approximately $52,000. Allworth Financial LP acquired a new stake in shares of Trinity Capital in the second quarter valued at approximately $53,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Trinity Capital during the second quarter worth approximately $54,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

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.