Trinity Capital (NASDAQ:TRIN) Issues Quarterly Earnings Results

Trinity Capital (NASDAQ:TRIN) announced its earnings results on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03), Zacks reports. The business had revenue of $50.45 million for the quarter, compared to analyst estimates of $50.09 million. Trinity Capital had a return on equity of 16.73% and a net margin of 36.12%. During the same period last year, the firm earned $0.52 EPS.

Trinity Capital Stock Performance

Shares of TRIN traded up $0.15 during mid-day trading on Friday, hitting $14.63. The stock had a trading volume of 386,297 shares, compared to its average volume of 465,243. The company has a market cap of $723.89 million, a PE ratio of 9.09 and a beta of 0.60. The company’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $14.50. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.08. Trinity Capital has a fifty-two week low of $11.32 and a fifty-two week high of $15.44.

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 $0.51 dividend. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, March 27th. This represents a $2.04 annualized dividend and a dividend yield of 13.94%. Trinity Capital’s dividend payout ratio (DPR) is presently 126.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRIN. B. Riley reduced their price objective on shares of Trinity Capital from $16.50 to $16.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group upped their price target on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.50.

Insider Transactions at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,354 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $14.91 per share, for a total transaction of $50,008.14. Following the transaction, the chief executive officer now owns 821,477 shares in the company, valued at $12,248,222.07. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.75% of the company’s stock.

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.