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

Trinity Capital Inc. (NASDAQ:TRIN) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.4375.

A number of research firms have recently weighed in on TRIN. Loop Capital set a $17.00 target price on shares of Trinity Capital in a report on Thursday, December 11th. Citigroup reaffirmed an “outperform” rating on shares of Trinity Capital in a research report on Tuesday. UBS Group cut their price objective on Trinity Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. JMP Securities set a $17.50 target price on Trinity Capital in a report on Monday, December 8th. Finally, Capital One Financial set a $17.00 price target on Trinity Capital in a research note on Thursday, December 11th.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown acquired 6,920 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $14.44 per share, with a total value of $99,924.80. Following the transaction, the chief executive officer owned 997,033 shares in the company, valued at $14,397,156.52. The trade was a 0.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Steve Louis Brown bought 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 transaction, the chairman directly owned 820,603 shares in the company, valued at approximately $11,915,155.56. This represents a 0.26% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 20,157 shares of company stock worth $292,074 over the last three months. Company insiders own 5.31% of the company’s stock.

Institutional Investors Weigh In On Trinity Capital

A number of institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Trinity Capital in the 4th quarter worth about $27,000. First Horizon Advisors Inc. bought a new position in shares of Trinity Capital in the second quarter worth approximately $32,000. MCF Advisors LLC bought a new stake in shares of Trinity Capital during the third quarter valued at approximately $52,000. Allworth Financial LP bought a new stake in shares of Trinity Capital during the second quarter valued at approximately $53,000. Finally, JPMorgan Chase & Co. purchased a new position in Trinity Capital in the 2nd quarter worth approximately $54,000. 24.62% of the stock is owned by hedge funds and other institutional investors.

Trinity Capital Price Performance

TRIN opened at $17.06 on Tuesday. The stock’s 50 day simple moving average is $15.42 and its 200 day simple moving average is $15.38. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 7.79 and a beta of 0.53. 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 data on Wednesday, November 5th. The company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Trinity Capital had a return on equity of 15.51% and a net margin of 50.49%.The firm had revenue of $75.55 million during the quarter, compared to analyst estimates of $74.31 million. As a group, sell-side analysts anticipate that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend is Friday, March 13th. Trinity Capital’s dividend payout ratio is presently 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.