Q4 Earnings Estimate for Trinity Capital Issued By B. Riley

Trinity Capital Inc. (NASDAQ:TRIN) – B. Riley lifted their Q4 2024 earnings per share estimates for Trinity Capital in a note issued to investors on Thursday, October 31st. B. Riley analyst B. Rowe now anticipates that the company will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.53. The consensus estimate for Trinity Capital’s current full-year earnings is $2.09 per share. B. Riley also issued estimates for Trinity Capital’s FY2025 earnings at $2.13 EPS.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $54.64 million during the quarter, compared to analyst estimates of $53.17 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. During the same period in the previous year, the business earned $0.58 earnings per share.

Separately, Wells Fargo & Company cut their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

Trinity Capital Trading Down 3.1 %

NASDAQ TRIN opened at $13.35 on Monday. The firm has a market capitalization of $786.45 million, a PE ratio of 7.81 and a beta of 0.55. The business’s 50-day moving average price is $13.87 and its two-hundred day moving average price is $14.32. Trinity Capital has a 12 month low of $13.27 and a 12 month high of $15.44. The company has a current ratio of 0.05, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07.

Trinity Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 15.28%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s payout ratio is currently 119.30%.

Insider Activity

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,500 shares of Trinity Capital stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the purchase, the chief executive officer now directly owns 975,298 shares in the company, valued at approximately $13,800,466.70. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders bought 5,597 shares of company stock worth $78,913. 6.38% of the stock is currently owned by insiders.

Institutional Trading of Trinity Capital

A number of institutional investors have recently made changes to their positions in TRIN. Van ECK Associates Corp boosted its stake in shares of Trinity Capital by 14.3% in the third quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock worth $17,902,000 after buying an additional 162,905 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of Trinity Capital by 11.3% in the 3rd quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Trinity Capital by 527.8% during the 2nd quarter. Millennium Management LLC now owns 252,587 shares of the company’s stock worth $3,572,000 after buying an additional 212,353 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Trinity Capital by 37.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 201,509 shares of the company’s stock valued at $2,734,000 after purchasing an additional 55,131 shares during the period. Finally, Kennedy Capital Management LLC acquired a new position in shares of Trinity Capital in the 1st quarter worth approximately $2,022,000. 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.