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

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

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

Trinity Capital Price Performance

Shares of TRIN opened at $16.22 on Thursday. The stock’s fifty day moving average is $15.15 and its 200-day moving average is $14.42. The firm has a market capitalization of $955.46 million, a price-to-earnings ratio of 9.49 and a beta of 0.56. Trinity Capital has a one year low of $13.05 and a one year high of $16.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.05 and a current ratio of 0.05.

Trinity Capital (NASDAQ:TRIN) last released 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 for the quarter, compared to analyst estimates of $64.13 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. Equities analysts anticipate that Trinity Capital will post 2.06 EPS for the current year.

Trinity Capital Announces Dividend

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

Hedge Funds Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC boosted its position in shares of Trinity Capital by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company’s stock valued at $3,188,000 after purchasing an additional 676 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trinity Capital by 9.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after purchasing an additional 918 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Trinity Capital by 5.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company’s stock valued at $349,000 after purchasing an additional 1,302 shares during the period. PFG Investments LLC boosted its position in shares of Trinity Capital by 12.9% in the 3rd quarter. PFG Investments LLC now owns 12,326 shares of the company’s stock valued at $167,000 after purchasing an additional 1,411 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Trinity Capital by 11.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company’s stock valued at $200,000 after purchasing an additional 1,423 shares during the period. 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.