Trinity Capital (NASDAQ:TRIN) Price Target Raised to $16.00 at Keefe, Bruyette & Woods

Trinity Capital (NASDAQ:TRIN) had its price target upped by Keefe, Bruyette & Woods from $15.00 to $16.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, Wells Fargo & Company reissued an “underweight” rating and set a $13.00 target price on shares of Trinity Capital in a research report on Monday, December 2nd.

Trinity Capital Trading Down 1.9 %

NASDAQ TRIN opened at $16.22 on Thursday. Trinity Capital has a 12 month low of $13.05 and a 12 month high of $16.82. The company has a 50-day moving average of $15.15 and a 200-day moving average of $14.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market cap of $955.46 million, a P/E ratio of 9.49 and a beta of 0.56.

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $70.83 million during the quarter, compared to the consensus estimate of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. As a group, equities analysts predict that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 12.58%. The ex-dividend date was Tuesday, December 31st. Trinity Capital’s dividend payout ratio is presently 119.30%.

Hedge Funds Weigh In On Trinity Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its holdings in Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after acquiring an additional 3,380 shares during the period. McIlrath & Eck LLC purchased a new position in shares of Trinity Capital during the 3rd quarter valued at approximately $57,000. Trust Co. of Vermont purchased a new position in shares of Trinity Capital during the 4th quarter valued at approximately $101,000. Aquatic Capital Management LLC purchased a new position in shares of Trinity Capital during the 4th quarter valued at approximately $124,000. Finally, Blue Trust Inc. boosted its stake in shares of Trinity Capital by 27.2% during the 4th quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors 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.