Trinity Capital (NASDAQ:TRIN) Given New $18.00 Price Target at Keefe, Bruyette & Woods

Trinity Capital (NASDAQ:TRIN) had its price objective hoisted by Keefe, Bruyette & Woods from $16.50 to $18.00 in a report published on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Separately, Wells Fargo & Company raised their target price on Trinity Capital from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and an average price target of $17.10.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN opened at $17.71 on Thursday. The company has a market cap of $1.68 billion, a PE ratio of 9.37 and a beta of 0.66. Trinity Capital has a 52 week low of $14.13 and a 52 week high of $18.90. The firm has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $16.72.

Trinity Capital (NASDAQ:TRIN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share for the quarter, missing 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 firm had revenue of $87.17 million for the quarter, compared to analysts’ expectations of $91.44 million. On average, equities analysts predict that Trinity Capital will post 2.10 earnings per share for the current year.

Trinity Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 11.5%. Trinity Capital’s dividend payout ratio is currently 116.57%.

Institutional Trading of Trinity Capital

A number of hedge funds have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC increased its stake in Trinity Capital by 5.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 45,676 shares of the company’s stock valued at $802,000 after buying an additional 2,346 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at $284,000. International Assets Investment Management LLC boosted its stake in shares of Trinity Capital by 61.5% during the 3rd quarter. International Assets Investment Management LLC now owns 14,236 shares of the company’s stock valued at $250,000 after buying an additional 5,422 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Trinity Capital by 15.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 97,614 shares of the company’s stock valued at $1,595,000 after buying an additional 13,155 shares during the period. Finally, SMH Capital Advisors Inc. acquired a new stake in shares of Trinity Capital during the 3rd quarter valued at $3,015,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

More Trinity Capital News

Here are the key news stories impacting Trinity Capital this week:

• Positive Sentiment: Trinity Capital reported record quarterly net investment income of $49.9 million, up 34.9% year over year, and total investment income of $98.4 million, up 30.2%. Earnings of $0.52 per share met consensus; return on average equity was 15.5%, and NAV per share rose to $13.61. Third-quarter results
• Positive Sentiment: The company outlined up to $500 million in capacity for its Desert Star joint venture, while its managed-funds platform approaches $1 billion—potentially supporting future investment growth. Desert Star JV capacity
• Neutral Sentiment: Keefe, Bruyette & Woods raised its price target from $16.50 to $18 but kept a market-perform rating, implying only about 1.6% upside at the cited share price. Keefe, Bruyette & Woods rating
• Negative Sentiment: Wells Fargo lifted its target from $15 to $16 but maintained an underweight rating, with the revised target still indicating about 9.7% downside at the cited share price. That cautious view could temper the positive earnings news. Wells Fargo rating

Trinity Capital Company Profile

Trinity Capital Inc (NASDAQ:TRIN) is a business development company that provides debt financing to venture capital- and private equity-backed companies. The company focuses primarily on growth-stage businesses that may require capital to support expansion, product development, acquisitions, working capital and other corporate needs.

Through its investment platform, Trinity Capital offers a range of financing solutions, including secured loans, equipment financing, growth capital and other customized debt structures.