Q2 2024 EPS Estimates for Trinity Capital Inc. (NASDAQ:TRIN) Lowered by B. Riley

Trinity Capital Inc. (NASDAQ:TRIN) – Research analysts at B. Riley decreased their Q2 2024 earnings estimates for Trinity Capital in a research note issued on Thursday, May 2nd. B. Riley analyst B. Rowe now forecasts that the company will earn $0.51 per share for the quarter, down from their previous forecast of $0.58. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Trinity Capital’s current full-year earnings is $2.14 per share. B. Riley also issued estimates for Trinity Capital’s Q3 2024 earnings at $0.53 EPS, Q4 2024 earnings at $0.55 EPS and FY2024 earnings at $2.13 EPS.

Separately, UBS Group raised their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Trinity Capital Trading Up 0.1 %

Trinity Capital stock opened at $14.83 on Monday. The stock has a 50-day moving average price of $14.68 and a 200 day moving average price of $14.53. Trinity Capital has a 52 week low of $11.32 and a 52 week high of $15.44. The stock has a market cap of $733.79 million, a PE ratio of 9.21 and a beta of 0.60. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.08.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. The company had revenue of $50.45 million for the quarter, compared to analysts’ expectations of $50.09 million. During the same period in the previous year, the business posted $0.52 EPS.

Trinity Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 13.76%. Trinity Capital’s dividend payout ratio is 126.71%.

Insiders Place Their Bets

In other Trinity Capital news, CEO Kyle Steven Brown purchased 3,354 shares of the stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the acquisition, the chief executive officer now directly owns 821,477 shares of the company’s stock, valued at $12,248,222.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trinity Capital

A number of large investors have recently bought and sold shares of the stock. Tucker Asset Management LLC acquired a new stake in shares of Trinity Capital during the 4th quarter worth $45,000. Tower Research Capital LLC TRC grew its position in Trinity Capital by 3,460.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock valued at $52,000 after acquiring an additional 3,460 shares during the period. Avior Wealth Management LLC increased its stake in Trinity Capital by 76.9% during the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after acquiring an additional 1,791 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Trinity Capital in the 4th quarter worth about $107,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Trinity Capital in the 3rd quarter valued at about $126,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.