Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 1,020,000 shares, a decline of 33.8% from the February 13th total of 1,540,000 shares. Based on an average daily volume of 566,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the shares of the company are sold short.
Trinity Capital Price Performance
Trinity Capital stock opened at $15.83 on Friday. Trinity Capital has a 52 week low of $13.05 and a 52 week high of $16.82. The business has a 50-day simple moving average of $15.44 and a 200 day simple moving average of $14.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The stock has a market cap of $994.61 million, a price-to-earnings ratio of 9.26 and a beta of 0.54.
Trinity Capital (NASDAQ:TRIN – Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $70.83 million during the quarter, compared to analysts’ expectations of $64.13 million. On average, research analysts forecast that Trinity Capital will post 2.06 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Trinity Capital
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their price target on Trinity Capital from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, February 28th.
Check Out Our Latest Research Report on Trinity Capital
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.
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