Trinity Capital Inc. (OTCMKTS:TRIN) Receives Average Recommendation of “Buy” from Analysts

Trinity Capital Inc. (OTCMKTS:TRIN) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.34.

Several analysts have recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Trinity Capital from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Friday, May 7th. UBS Group assumed coverage on shares of Trinity Capital in a research report on Tuesday, February 23rd. They set a “buy” rating and a $17.00 target price on the stock. Oppenheimer assumed coverage on shares of Trinity Capital in a research report on Monday, May 3rd. They set an “outperform” rating and a $15.00 target price on the stock. Janney Montgomery Scott started coverage on shares of Trinity Capital in a research report on Tuesday, February 23rd. They set a “buy” rating and a $15.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on shares of Trinity Capital in a research report on Tuesday, February 23rd. They issued an “outperform” rating and a $17.50 price objective on the stock.

Shares of TRIN traded down $0.01 during midday trading on Thursday, hitting $14.68. 62,388 shares of the company traded hands, compared to its average volume of 87,234. The firm has a 50 day simple moving average of $14.62. Trinity Capital has a 52 week low of $13.46 and a 52 week high of $15.99. The stock has a market cap of $388.89 million and a PE ratio of 11.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.31 and a current ratio of 0.31.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Stockholders of record on Wednesday, March 31st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This is an increase from Trinity Capital’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.63%. Trinity Capital’s dividend payout ratio (DPR) is currently 86.82%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIN. UBS Group AG bought a new position in shares of Trinity Capital during the first quarter valued at approximately $115,000. Geode Capital Management LLC acquired a new stake in Trinity Capital in the first quarter valued at approximately $215,000. Neuberger Berman Group LLC acquired a new stake in Trinity Capital in the first quarter valued at approximately $313,000. Advisory Research Inc. acquired a new stake in Trinity Capital in the first quarter valued at approximately $476,000. Finally, EJF Capital LLC acquired a new stake in Trinity Capital in the first quarter valued at approximately $497,000. Hedge funds and other institutional investors own 20.76% of the company’s stock.

Trinity Capital Company Profile

Trinity Capital Inc 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 Chandler, Arizona.

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Analyst Recommendations for Trinity Capital (OTCMKTS:TRIN)

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