Trinity Capital (NASDAQ:TRIN) Announces Earnings Results, Misses Expectations By $0.03 EPS

Trinity Capital (NASDAQ:TRIN) released its earnings results on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03), Zacks reports. Trinity Capital had a net margin of 42.28% and a return on equity of 16.86%. The company had revenue of $50.45 million during the quarter, compared to analysts’ expectations of $50.09 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

Trinity Capital Stock Down 1.9 %

Shares of NASDAQ TRIN traded down $0.28 during trading on Thursday, reaching $14.43. 323,843 shares of the stock were exchanged, compared to its average volume of 511,397. The business’s 50-day moving average price is $14.66 and its 200 day moving average price is $14.50. Trinity Capital has a twelve month low of $11.32 and a twelve month high of $15.44. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $709.23 million, a price-to-earnings ratio of 7.56 and a beta of 0.60.

Trinity Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.51 per share. This is a boost from Trinity Capital’s previous quarterly dividend of $0.50. This represents a $2.04 dividend on an annualized basis and a dividend yield of 14.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Trinity Capital’s payout ratio is presently 106.81%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. B. Riley decreased their price objective on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trinity Capital presently has an average rating of “Moderate Buy” and an average target price of $15.50.

Insider Activity at Trinity Capital

In related news, CEO Kyle Steven Brown purchased 3,354 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $14.91 per share, with a total value of $50,008.14. Following the completion of the acquisition, the chief executive officer now directly owns 821,477 shares of the company’s stock, valued at approximately $12,248,222.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.75% of the stock is currently owned by corporate insiders.

Trinity Capital Company Profile

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 the United States.