Trinity Capital (NASDAQ:TRIN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Trinity Capital (NASDAQ:TRIN) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other analysts have also issued reports on TRIN. Loop Capital set a $17.00 price target on Trinity Capital in a report on Thursday, December 11th. Noble Financial initiated coverage on shares of Trinity Capital in a research report on Thursday, December 11th. They issued a “buy” rating for the company. Clear Str raised Trinity Capital to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a research report on Tuesday, January 27th. Finally, Citizens Jmp set a $17.50 price target on Trinity Capital in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.29.

Trinity Capital Stock Performance

NASDAQ:TRIN opened at $14.29 on Friday. The stock’s fifty day moving average is $15.43 and its 200 day moving average is $15.27. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.29 and a beta of 0.55. Trinity Capital has a fifty-two week low of $12.50 and a fifty-two week high of $17.20.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $79.83 million. Trinity Capital had a net margin of 46.18% and a return on equity of 14.97%. Equities analysts forecast that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend is Thursday, June 11th. Trinity Capital’s dividend payout ratio is currently 104.08%.

Insider Buying and Selling

In related news, Chairman Steve Louis Brown purchased 27,109 shares of Trinity Capital stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $14.75 per share, for a total transaction of $399,857.75. Following the acquisition, the chairman directly owned 940,745 shares in the company, valued at approximately $13,875,988.75. The trade was a 2.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kyle Steven Brown bought 3,532 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average cost of $14.16 per share, with a total value of $50,013.12. Following the completion of the purchase, the chief executive officer directly owned 620,709 shares in the company, valued at $8,789,239.44. This represents a 0.57% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 37,682 shares of company stock worth $553,902. 5.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently made changes to their positions in the stock. Mutual Advisors LLC purchased a new stake in shares of Trinity Capital in the 3rd quarter worth about $1,421,000. AWM Capital LLC grew its stake in Trinity Capital by 174.2% in the 3rd quarter. AWM Capital LLC now owns 177,090 shares of the company’s stock worth $2,741,000 after acquiring an additional 112,507 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Trinity Capital in the second quarter valued at $737,000. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Trinity Capital during the 3rd quarter valued at about $1,959,000. Finally, Quantbot Technologies LP increased its position in Trinity Capital by 322.3% during the second quarter. Quantbot Technologies LP now owns 155,851 shares of the company’s stock worth $2,193,000 after purchasing an additional 118,942 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

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.