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 eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.6429.

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

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds have recently bought and sold shares of TRIN. Nomura Asset Management Co. Ltd. purchased a new stake in Trinity Capital during the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Trinity Capital during the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new position in shares of Trinity Capital during the 1st quarter valued at approximately $37,000. Fifth Third Bancorp purchased a new stake in shares of Trinity Capital during the 1st quarter worth approximately $37,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Trinity Capital during the 2nd quarter worth approximately $54,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Stock Performance

TRIN stock opened at $17.69 on Tuesday. The company has a market capitalization of $1.59 billion, a P/E ratio of 9.36 and a beta of 0.61. The company has a fifty day moving average price of $17.14 and a 200-day moving average price of $16.11. Trinity Capital has a 52-week low of $14.13 and a 52-week high of $18.08.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 company had revenue of $51.37 million during the quarter, compared to the consensus estimate of $85.87 million. As a group, sell-side analysts forecast that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a c) annualized dividend and a yield of 11.5%. Trinity Capital’s dividend payout ratio (DPR) is presently 107.94%.

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.