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

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.6429.

A number of research analysts have weighed in on TRIN shares. Wall Street Zen raised Trinity Capital from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. Keefe, Bruyette & Woods raised their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of Trinity Capital by 4,587.0% during the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Trinity Capital by 58,959.2% in the fourth 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 last quarter. Eagle Point Credit Management LLC purchased a new position in Trinity Capital during the 4th quarter valued at about $10,657,000. Two Sigma Investments LP increased its holdings in Trinity Capital by 83.5% during the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock valued at $15,266,000 after purchasing an additional 448,626 shares during the period. Finally, Closed End Fund Advisors Inc. bought a new position in Trinity Capital during the 4th quarter valued at approximately $5,493,000. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

Trinity Capital Stock Down 0.5%

TRIN opened at $17.69 on Tuesday. The firm has a 50-day moving average price of $17.14 and a 200-day moving average price of $16.11. Trinity Capital has a twelve month low of $14.13 and a twelve month high of $18.08. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 9.36 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The company had revenue of $51.37 million during the quarter, compared to analysts’ expectations of $85.87 million. On average, sell-side analysts expect 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. Shareholders of record on Thursday, September 10th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.5%. Trinity Capital’s dividend payout ratio is currently 107.94%.

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.