Trinity Capital (NASDAQ:TRIN) Upgraded by Clear Str to “Strong-Buy” Rating

Clear Str upgraded shares of Trinity Capital (NASDAQ:TRIN) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Loop Capital set a $17.00 price target on shares of Trinity Capital in a research report on Thursday, December 11th. JMP Securities set a $17.50 price objective on Trinity Capital in a research note on Monday, December 8th. Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a research note on Tuesday, January 27th. Noble Financial began coverage on Trinity Capital in a research note on Thursday, December 11th. They set a “buy” rating for the company. Finally, UBS Group cut their target price on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.44.

Trinity Capital Stock Up 1.3%

Shares of TRIN opened at $16.19 on Wednesday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.39 and a beta of 0.53. Trinity Capital has a 12-month low of $12.50 and a 12-month high of $17.20. The stock’s 50-day moving average price is $15.62 and its 200 day moving average price is $15.44.

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

Trinity Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Friday, March 13th. Trinity Capital’s dividend payout ratio (DPR) is currently 93.15%.

Insider Activity

In related news, Chairman Steve Louis Brown acquired 2,137 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $14.52 per share, with a total value of $31,029.24. Following the completion of the acquisition, the chairman directly owned 820,603 shares of the company’s stock, valued at approximately $11,915,155.56. This trade represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 5,137 shares of company stock worth $75,339. Company insiders own 5.31% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

A number of institutional investors have recently added to or reduced their stakes in TRIN. Van ECK Associates Corp increased its stake 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 buying an additional 225,814 shares during the period. Melia Wealth LLC increased its position in shares of Trinity Capital by 2.6% during the third quarter. Melia Wealth LLC now owns 1,179,296 shares of the company’s stock worth $18,256,000 after acquiring an additional 30,360 shares during the period. Marshall Wace LLP raised its stake in shares of Trinity Capital by 4,587.0% in the third quarter. Marshall Wace LLP now owns 1,151,272 shares of the company’s stock valued at $17,822,000 after acquiring an additional 1,126,709 shares in the last quarter. UBS Group AG grew its stake in Trinity Capital by 28.8% during the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock worth $15,220,000 after purchasing an additional 232,031 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Trinity Capital by 83.5% during the 3rd quarter. Two Sigma Investments LP now owns 986,184 shares of the company’s stock worth $15,266,000 after purchasing an additional 448,626 shares during the period. Institutional investors own 24.62% of the company’s stock.

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.