Trinity Capital Inc. (NASDAQ:TRIN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.4375.

Several equities analysts have recently weighed in on TRIN shares. UBS Group decreased their price target on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Loop Capital set a $17.00 price target on Trinity Capital in a research note on Thursday, December 11th. Citizens Jmp started coverage on shares of Trinity Capital in a report on Monday, December 8th. They issued a “market outperform” rating and a $17.50 price target on the stock. Noble Financial initiated coverage on Trinity Capital in a research report on Thursday, December 11th. They set a “buy” rating on the stock. Finally, JMP Securities set a $17.50 target price on shares of Trinity Capital in a report on Monday, December 8th.

Insider Activity at Trinity Capital

In other Trinity Capital news, Chairman Steve Louis Brown bought 4,500 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $14.42 per share, with a total value of $64,890.00. Following the completion of the purchase, the chairman owned 818,466 shares in the company, valued at $11,802,279.72. The trade was a 0.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald E. Estes acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $14.44 per share, with a total value of $28,880.00. Following the purchase, the director owned 38,779 shares in the company, valued at $559,968.76. The trade was a 5.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 20,157 shares of company stock valued at $292,074 over the last three months. 6.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Trinity Capital

Several large investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new position in Trinity Capital in the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. bought a new stake in Trinity Capital during the second quarter valued at $32,000. MCF Advisors LLC acquired a new stake in Trinity Capital during the third quarter worth approximately $52,000. Allworth Financial LP acquired a new stake in shares of Trinity Capital during the 2nd quarter worth approximately $53,000. Finally, JPMorgan Chase & Co. bought a new stake in Trinity Capital in the second quarter valued at $54,000. 24.62% of the stock is currently owned by institutional investors.

Trinity Capital Stock Down 2.9%

TRIN opened at $16.35 on Tuesday. The stock has a market cap of $1.24 billion, a P/E ratio of 7.47 and a beta of 0.53. The company has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $15.41. Trinity Capital has a 12 month low of $12.50 and a 12 month high of $17.20.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The business had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. On average, equities research analysts expect that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.17 dividend. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s dividend payout ratio (DPR) is currently 93.15%.

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.