Trinity Capital Inc. (TRIN) – What Are Brokerages Saying About This Stock?

Trinity Capital Inc. (NASDAQ:TRIN) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $16.67.

Separately, Keefe, Bruyette & Woods raised their price target on Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a research report on Thursday, August 6th.

Insider Buying and Selling

In other Trinity Capital news, CEO Kyle Brown acquired 2,296 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $18.04 per share, with a total value of $41,419.84. Following the purchase, the chief executive officer owned 612,262 shares in the company, valued at approximately $11,045,206.48. The trade was a 0.38% 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. Insiders own 4.25% of the company’s stock.

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Trinity Capital by 57.7% in the first quarter. Bank of America Corp DE now owns 190,166 shares of the company’s stock valued at $2,797,000 after purchasing an additional 69,586 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Trinity Capital during the 2nd quarter worth approximately $5,134,000. Van ECK Associates Corp increased its stake in shares of Trinity Capital by 39.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,153,437 shares of the company’s stock worth $38,525,000 after purchasing an additional 607,988 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Trinity Capital by 9.4% during the 2nd quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock worth $22,716,000 after purchasing an additional 109,291 shares during the last quarter. Finally, Melia Wealth LLC acquired a new position in shares of Trinity Capital during the 2nd quarter worth approximately $24,221,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Trinity Capital Price Performance

TRIN opened at $17.09 on Friday. Trinity Capital has a 1-year low of $14.13 and a 1-year high of $18.90. The stock has a market cap of $1.62 billion, a P/E ratio of 9.05 and a beta of 0.63. The stock’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $17.08.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $87.17 million for the quarter, compared to analyst estimates of $91.44 million. Trinity Capital had a return on equity of 14.94% and a net margin of 43.45%. Research analysts expect that Trinity Capital will post 2.10 EPS for the current fiscal year.

Trinity Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be given a $0.17 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.04 annualized dividend and a dividend yield of 11.9%. Trinity Capital’s payout ratio is currently 116.57%.

About Trinity Capital

Trinity Capital Inc is a business development company that provides debt financing to venture capital- and private equity-backed companies, primarily those in the growth stage of their development. The company seeks to support businesses that may not yet have consistent access to traditional bank financing.

Its offerings include venture debt, term loans, equipment financing and other structured lending solutions designed to fund product development, capital expenditures, acquisitions, working capital and general corporate purposes.