Trinity Capital (NASDAQ:TRIN) Shares Gap Down to $14.54

Trinity Capital Inc. (NASDAQ:TRIN)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.54, but opened at $14.14. Trinity Capital shares last traded at $14.20, with a volume of 83,730 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on Trinity Capital from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Monday, March 18th. B. Riley lowered their price objective on Trinity Capital from $16.50 to $16.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Trinity Capital Stock Up 0.8 %

The stock has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $14.63. The firm has a market cap of $699.65 million, a PE ratio of 8.78 and a beta of 0.57. 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 (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Trinity Capital had a net margin of 36.12% and a return on equity of 16.73%. The business had revenue of $50.45 million for the quarter, compared to analysts’ expectations of $50.09 million. During the same period last year, the business earned $0.52 earnings per share. Sell-side analysts predict that Trinity Capital Inc. will post 2.14 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 28th. This represents a $2.04 annualized dividend and a yield of 14.43%. Trinity Capital’s dividend payout ratio (DPR) is 126.71%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC bought a new position in shares of Trinity Capital in the fourth quarter worth approximately $45,000. Tower Research Capital LLC TRC increased its stake in Trinity Capital by 3,460.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,560 shares of the company’s stock worth $52,000 after buying an additional 3,460 shares during the period. Avior Wealth Management LLC grew its stake in Trinity Capital by 76.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,119 shares of the company’s stock worth $60,000 after purchasing an additional 1,791 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of Trinity Capital in the fourth quarter valued at about $107,000. Finally, Paloma Partners Management Co purchased a new position in Trinity Capital during the first quarter valued at approximately $150,000. Institutional investors own 24.62% of the company’s stock.

About Trinity Capital

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.