Brokerages Set Trinity Capital Inc. (NASDAQ:TRIN) Price Target at $16.64

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.6429.

TRIN has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Wells Fargo & Company boosted their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Prevail Innovative Wealth Advisors LLC purchased a new position in Trinity Capital during the third quarter worth about $1,959,000. Sound Income Strategies LLC grew its holdings in Trinity Capital by 58,959.2% in the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock valued at $15,318,000 after buying an additional 943,348 shares during the period. UBS Group AG increased its stake in shares of Trinity Capital by 28.8% during the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after acquiring an additional 232,031 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 14.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock valued at $27,032,000 after acquiring an additional 225,814 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in shares of Trinity Capital during the 4th quarter valued at about $5,493,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Down 0.6%

NASDAQ TRIN opened at $17.79 on Friday. Trinity Capital has a fifty-two week low of $14.11 and a fifty-two week high of $18.08. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 9.41 and a beta of 0.61. The business has a fifty day moving average of $16.85 and a 200-day moving average of $15.90.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $51.37 million for the quarter, compared to the consensus estimate of $85.87 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. As a group, analysts anticipate that Trinity Capital will post 2.1 EPS for the current year.

Trinity Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.5%. Trinity Capital’s payout ratio is 107.94%.

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.