FY2024 EPS Estimates for Trinity Capital Boosted by Analyst

Trinity Capital Inc. (NASDAQ:TRIN) – Stock analysts at B. Riley raised their FY2024 EPS estimates for shares of Trinity Capital in a research report issued to clients and investors on Thursday, October 31st. B. Riley analyst B. Rowe now expects that the company will post earnings per share of $2.16 for the year, up from their previous forecast of $2.13. The consensus estimate for Trinity Capital’s current full-year earnings is $2.08 per share. B. Riley also issued estimates for Trinity Capital’s Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.54 EPS and Q4 2025 earnings at $0.53 EPS.

Trinity Capital (NASDAQ:TRIN) last posted 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). Trinity Capital had a return on equity of 16.64% and a net margin of 40.73%. The company had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same period in the prior year, the firm posted $0.58 earnings per share.

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

Trinity Capital Stock Performance

NASDAQ TRIN opened at $13.35 on Friday. Trinity Capital has a 52-week low of $13.27 and a 52-week high of $15.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $712.50 million, a P/E ratio of 7.81 and a beta of 0.55. The company has a fifty day moving average of $13.87 and a 200-day moving average of $14.32.

Trinity Capital Announces Dividend

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

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown purchased 3,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $49,525.00. Following the completion of the transaction, the chief executive officer now directly owns 975,298 shares in the company, valued at approximately $13,800,466.70. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 5,597 shares of company stock worth $78,913 over the last three months. Company insiders own 6.38% of the company’s stock.

Institutional Trading of Trinity Capital

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Trinity Capital during the second quarter valued at about $35,000. Blue Trust Inc. raised its stake in shares of Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after acquiring an additional 6,474 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Trinity Capital during the first quarter valued at about $150,000. MQS Management LLC bought a new position in shares of Trinity Capital during the second quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after acquiring an additional 918 shares during the last quarter. 24.62% of the stock is currently owned by hedge funds and other institutional investors.

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.