Trinity Capital (NASDAQ:TRIN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Trinity Capital (NASDAQ:TRIN) had its target price lifted by research analysts at Keefe, Bruyette & Woods from $15.00 to $16.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential downside of 3.38% from the company’s current price.

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

Trinity Capital Trading Up 2.1 %

Shares of TRIN stock opened at $16.56 on Thursday. The company has a market cap of $975.48 million, a P/E ratio of 9.68 and a beta of 0.56. Trinity Capital has a fifty-two week low of $13.05 and a fifty-two week high of $16.82. The stock has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $14.42. 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 quarterly earnings data on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.90% and a net margin of 40.73%. Research analysts forecast that Trinity Capital will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently bought and sold shares of the stock. Quarry LP grew its holdings in Trinity Capital by 1,053.0% during the third quarter. Quarry LP now owns 3,701 shares of the company’s stock worth $50,000 after buying an additional 3,380 shares in the last quarter. McIlrath & Eck LLC bought a new stake in Trinity Capital during the third quarter worth $57,000. Trust Co. of Vermont bought a new stake in Trinity Capital during the fourth quarter worth $101,000. Aquatic Capital Management LLC bought a new stake in Trinity Capital during the fourth quarter worth $124,000. Finally, Blue Trust Inc. grew its holdings in Trinity Capital by 27.2% during the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock worth $133,000 after buying an additional 2,100 shares in the last quarter. 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.