Trinity Capital Inc. (NASDAQ:TRIN) Receives Average Rating of “Moderate Buy” from Analysts

Trinity Capital Inc. (NASDAQ:TRIN) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.6429.

Several equities analysts recently commented on TRIN shares. Keefe, Bruyette & Woods upped their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Thursday, May 7th.

Trinity Capital Trading Up 0.8%

Shares of NASDAQ:TRIN opened at $17.40 on Tuesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 9.21 and a beta of 0.61. The stock’s 50-day moving average price is $17.19 and its two-hundred day moving average price is $16.20. Trinity Capital has a 12-month low of $14.13 and a 12-month high of $18.12.

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

Trinity Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors 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) dividend on an annualized basis and a yield of 11.7%. Trinity Capital’s dividend payout ratio (DPR) is presently 107.94%.

Institutional Investors Weigh In On Trinity Capital

A number of institutional investors have recently added to or reduced their stakes in TRIN. Marshall Wace LLP raised its holdings in shares of Trinity Capital by 4,587.0% in the 3rd quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after purchasing an additional 1,126,709 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Trinity Capital by 58,959.2% during the 4th quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock worth $15,318,000 after purchasing an additional 943,348 shares during the period. Eagle Point Credit Management LLC acquired a new stake in Trinity Capital during the 4th quarter worth approximately $10,657,000. Two Sigma Investments LP raised its holdings in Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after buying an additional 448,626 shares during the period. Finally, Closed End Fund Advisors Inc. purchased a new position in Trinity Capital in the fourth quarter valued at approximately $5,493,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

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.