Trinity Capital Inc. (NASDAQ:TRIN) Receives $16.44 Average PT from Brokerages

Trinity Capital Inc. (NASDAQ:TRIN) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.4375.

TRIN has been the subject of a number of recent research reports. Capital One Financial set a $17.00 price objective on Trinity Capital in a research note on Thursday, December 11th. Loop Capital set a $17.00 price target on shares of Trinity Capital in a research note on Thursday, December 11th. UBS Group reduced their price objective on shares of Trinity Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of Trinity Capital in a research note on Tuesday. Finally, Citizens Jmp began coverage on shares of Trinity Capital in a report on Monday, December 8th. They set a “market outperform” rating and a $17.50 price target on the stock.

Insiders Place Their Bets

In other Trinity Capital news, Director Ronald E. Estes acquired 2,000 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $14.44 per share, for a total transaction of $28,880.00. Following the completion of the transaction, the director directly owned 38,779 shares of the company’s stock, valued at approximately $559,968.76. The trade was a 5.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Steve Louis Brown bought 4,500 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $14.42 per share, with a total value of $64,890.00. Following the transaction, the chairman owned 818,466 shares of the company’s stock, valued at $11,802,279.72. The trade was a 0.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 20,157 shares of company stock valued at $292,074. Insiders own 5.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIN. Marshall Wace LLP increased its stake in Trinity Capital by 4,587.0% in the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock worth $17,822,000 after purchasing an additional 1,126,709 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Trinity Capital by 58,959.3% in the fourth quarter. Sound Income Strategies LLC now owns 944,948 shares of the company’s stock valued at $15,318,000 after acquiring an additional 943,348 shares in the last quarter. Two Sigma Investments LP lifted its stake in Trinity Capital by 83.5% in the third quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after acquiring an additional 448,626 shares during the period. UBS Group AG lifted its stake in Trinity Capital by 28.8% in the fourth quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock worth $15,220,000 after acquiring an additional 232,031 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Trinity Capital by 14.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,746,217 shares of the company’s stock worth $27,032,000 after acquiring an additional 225,814 shares in the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Trinity Capital Price Performance

Shares of NASDAQ:TRIN opened at $16.83 on Tuesday. The company has a market cap of $1.27 billion, a PE ratio of 7.68 and a beta of 0.53. The stock’s 50-day moving average is $15.47 and its 200 day moving average is $15.40. Trinity Capital has a 1 year low of $12.50 and a 1 year high of $17.20.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $75.55 million during the quarter, compared to the consensus estimate of $74.31 million. Trinity Capital had a net margin of 50.49% and a return on equity of 15.51%. Analysts expect that Trinity Capital will post 2.06 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s payout ratio is 93.15%.

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.