Trinity Capital Inc. (NASDAQ:TRIN) Receives $16.29 Consensus PT from Analysts

Trinity Capital Inc. (NASDAQ:TRIN) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.2857.

A number of equities research analysts have weighed in on TRIN shares. Citizens Jmp set a $17.50 price target on shares of Trinity Capital in a report on Monday, December 8th. Capital One Financial set a $17.00 target price on shares of Trinity Capital in a report on Thursday, December 11th. Loop Capital set a $17.00 target price on shares of Trinity Capital in a report on Thursday, December 11th. Citigroup restated an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Finally, Clear Str upgraded Trinity Capital to a “strong-buy” rating in a research report on Wednesday, February 4th.

Hedge Funds Weigh In On Trinity Capital

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Trinity Capital during the fourth quarter valued at about $507,000. Invesco Ltd. raised its holdings in shares of Trinity Capital by 22.4% during the fourth quarter. Invesco Ltd. now owns 1,026,680 shares of the company’s stock valued at $15,041,000 after acquiring an additional 187,744 shares during the period. First Commonwealth Financial Corp PA lifted its position in shares of Trinity Capital by 3.4% in the 4th quarter. First Commonwealth Financial Corp PA now owns 24,540 shares of the company’s stock valued at $360,000 after acquiring an additional 799 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Trinity Capital in the 4th quarter valued at approximately $2,154,000. Finally, Beacon Pointe Advisors LLC boosted its stake in Trinity Capital by 15.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 78,130 shares of the company’s stock worth $1,145,000 after purchasing an additional 10,292 shares during the period. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Stock Down 1.8%

Shares of Trinity Capital stock opened at $14.70 on Friday. The business has a fifty day simple moving average of $15.74 and a 200-day simple moving average of $15.48. Trinity Capital has a fifty-two week low of $12.50 and a fifty-two week high of $17.20. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 6.71 and a beta of 0.53.

Trinity Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s dividend payout ratio is currently 93.15%.

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.