Trinity Capital Inc. (NASDAQ:TRIN) Receives $16.29 Average Price Target from Analysts

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.6429.

TRIN has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Trinity Capital from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Keefe, Bruyette & Woods increased their price target on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Clear Str raised Trinity Capital to a “strong-buy” rating in a research note on Wednesday, February 4th. Citigroup reissued an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Finally, Wall Street Zen raised Trinity Capital from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th.

Trinity Capital Stock Performance

TRIN stock opened at $16.79 on Thursday. Trinity Capital has a 1 year low of $13.76 and a 1 year high of $17.38. The stock’s 50 day moving average price is $15.30 and its 200 day moving average price is $15.33. The firm has a market cap of $1.51 billion, a P/E ratio of 8.88 and a beta of 0.63.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%.The firm had revenue of $51.37 million for the quarter, compared to analyst estimates of $85.87 million. On average, research analysts predict that Trinity Capital will post 2.1 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Thursday, June 11th. Trinity Capital’s dividend payout ratio is currently 107.94%.

Insider Buying and Selling at Trinity Capital

In other news, Chairman Steve Louis Brown bought 27,109 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $14.75 per share, with a total value of $399,857.75. Following the transaction, the chairman owned 940,745 shares of the company’s stock, valued at $13,875,988.75. This represents a 2.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kyle Steven Brown bought 3,532 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $50,013.12. Following the completion of the transaction, the chief executive officer directly owned 620,709 shares in the company, valued at approximately $8,789,239.44. This trade represents a 0.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 37,682 shares of company stock worth $553,902 over the last ninety days. Corporate insiders own 6.38% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Independent Financial Group LLC purchased a new position in shares of Trinity Capital in the 1st quarter worth $933,000. D.A. Davidson & CO. raised its position in shares of Trinity Capital by 30.7% in the 1st quarter. D.A. Davidson & CO. now owns 38,410 shares of the company’s stock worth $565,000 after buying an additional 9,011 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Trinity Capital by 6.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 17,312 shares of the company’s stock worth $255,000 after buying an additional 1,079 shares during the period. Sanctuary Advisors LLC raised its position in shares of Trinity Capital by 138.0% in the 1st quarter. Sanctuary Advisors LLC now owns 55,847 shares of the company’s stock worth $822,000 after buying an additional 32,385 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Trinity Capital in the 1st quarter worth $37,000. 24.62% of the stock is 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.