Trinity Capital (NASDAQ:TRIN) Price Target Cut to $13.00 by Analysts at Wells Fargo & Company

Trinity Capital (NASDAQ:TRIN) had its price objective decreased by Wells Fargo & Company from $14.00 to $13.00 in a research note released on Tuesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Trinity Capital Price Performance

Shares of TRIN opened at $13.35 on Tuesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.07. Trinity Capital has a 1 year low of $13.27 and a 1 year high of $15.44. The stock has a market cap of $712.50 million, a P/E ratio of 7.81 and a beta of 0.55. The stock’s 50-day moving average price is $13.87 and its two-hundred day moving average price is $14.32.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $54.64 million for the quarter, compared to analyst estimates of $53.17 million. Trinity Capital had a return on equity of 16.64% and a net margin of 40.73%. During the same period in the prior year, the business earned $0.58 EPS. On average, equities analysts predict that Trinity Capital will post 2.08 earnings per share for the current year.

Trinity Capital Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 15.28%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s dividend payout ratio is currently 119.30%.

Insider Activity at Trinity Capital

In other news, CEO Kyle Steven Brown bought 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $14.15 per share, with a total value of $49,525.00. Following the transaction, the chief executive officer now owns 975,298 shares in the company, valued at $13,800,466.70. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 5,597 shares of company stock valued at $78,913. 6.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Trinity Capital in the second quarter valued at approximately $35,000. Blue Trust Inc. boosted its stake in Trinity Capital by 522.1% in the 3rd quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after purchasing an additional 6,474 shares during the period. Paloma Partners Management Co acquired a new position in Trinity Capital in the 1st quarter valued at $150,000. MQS Management LLC acquired a new position in Trinity Capital in the 2nd quarter valued at $152,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in 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 acquiring an additional 918 shares in the last quarter. 24.62% of the stock is currently owned by institutional investors.

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.