B. Riley Trims Trinity Capital (NASDAQ:TRIN) Target Price to $16.00

Trinity Capital (NASDAQ:TRIN) had its price objective reduced by B. Riley from $16.50 to $16.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, UBS Group raised their price target on Trinity Capital from $16.00 to $16.50 and gave the stock a buy rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $15.50.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.63 on Thursday. The company has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.06 and a quick ratio of 0.06. Trinity Capital has a 1 year low of $11.32 and a 1 year high of $15.44. The company has a market capitalization of $723.89 million, a PE ratio of 9.09 and a beta of 0.60.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, May 1st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $50.45 million during the quarter, compared to analyst estimates of $50.09 million. Trinity Capital had a net margin of 36.12% and a return on equity of 16.73%. During the same period last year, the company earned $0.52 earnings per share. As a group, analysts expect that Trinity Capital will post 2.14 earnings per share for the current year.

Trinity Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.51 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.04 dividend on an annualized basis and a yield of 13.94%. This is an increase from Trinity Capital’s previous quarterly dividend of $0.50. Trinity Capital’s dividend payout ratio (DPR) is presently 126.71%.

Insiders Place Their Bets

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,354 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $14.91 per share, with a total value of $50,008.14. Following the purchase, the chief executive officer now owns 821,477 shares in the company, valued at approximately $12,248,222.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of TRIN. Tucker Asset Management LLC acquired a new stake in Trinity Capital in the fourth quarter valued at $45,000. Tower Research Capital LLC TRC increased its position in shares of Trinity Capital by 3,460.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock valued at $52,000 after buying an additional 3,460 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Trinity Capital by 76.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock valued at $60,000 after buying an additional 1,791 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Trinity Capital in the fourth quarter valued at $107,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Trinity Capital in the third quarter valued at $126,000. Institutional investors and hedge funds own 24.62% 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.