Trinity Capital Inc. (OTCMKTS:TRIN – Get Rating) – Research analysts at Oppenheimer increased their Q2 2022 earnings per share estimates for shares of Trinity Capital in a report released on Tuesday, May 10th. Oppenheimer analyst M. Penn now anticipates that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.44. Oppenheimer also issued estimates for Trinity Capital’s Q3 2022 earnings at $0.45 EPS, Q4 2022 earnings at $0.46 EPS, FY2022 earnings at $1.94 EPS, Q1 2023 earnings at $0.45 EPS, Q3 2023 earnings at $0.47 EPS, Q4 2023 earnings at $0.48 EPS and FY2023 earnings at $1.86 EPS.
Trinity Capital (OTCMKTS:TRIN – Get Rating) last posted its earnings results on Thursday, March 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Trinity Capital had a return on equity of 11.49% and a net margin of 101.25%. The firm had revenue of $23.61 million for the quarter, compared to analyst estimates of $22.10 million.
TRIN opened at $15.30 on Thursday. The stock’s 50-day moving average price is $17.86 and its 200 day moving average price is $17.43. Trinity Capital has a 12-month low of $14.05 and a 12-month high of $20.26. The company has a current ratio of 0.10, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $584.18 million, a price-to-earnings ratio of 4.54, a PEG ratio of 4.55 and a beta of 0.69.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Trinity Capital in the fourth quarter valued at $25,000. Morgan Stanley lifted its position in shares of Trinity Capital by 3,677.0% in the third quarter. Morgan Stanley now owns 2,795 shares of the company’s stock valued at $45,000 after acquiring an additional 2,721 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Trinity Capital in the fourth quarter valued at $59,000. Citadel Advisors LLC purchased a new stake in shares of Trinity Capital in the second quarter valued at $160,000. Finally, Sciencast Management LP purchased a new stake in shares of Trinity Capital in the first quarter valued at $243,000. Institutional investors own 28.07% of the company’s stock.
In other Trinity Capital news, CEO Steve Louis Brown purchased 1,550 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The shares were purchased at an average cost of $18.27 per share, for a total transaction of $28,318.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 2,475 shares of company stock worth $45,296. Company insiders own 3.80% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.46%. Trinity Capital’s payout ratio is 47.48%.
Trinity Capital Company Profile (Get Rating)
Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in Lutherville-Timonium, Maryland and Austin, Texas.
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