Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Trinity Capital (NASDAQ:TRIN) Stock

Trinity Capital (NASDAQ:TRIN - Free Report) had its target price lifted by Keefe, Bruyette & Woods from $15.00 to $16.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a market perform rating on the stock.

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

Trinity Capital Price Performance

NASDAQ TRIN traded down $0.12 on Thursday, reaching $16.44. The company had a trading volume of 434,483 shares, compared to its average volume of 553,398. The firm's 50 day moving average price is $15.19 and its 200 day moving average price is $14.44. Trinity Capital has a 12 month low of $13.05 and a 12 month high of $16.82. The stock has a market capitalization of $968.41 million, a PE ratio of 9.61 and a beta of 0.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $70.83 million for 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%. As a group, equities analysts predict that Trinity Capital will post 2.06 earnings per share for the current year.

Trinity Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.41%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's dividend payout ratio is currently 99.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kennedy Capital Management LLC grew its stake in shares of Trinity Capital by 0.3% during the fourth quarter. Kennedy Capital Management LLC now owns 220,336 shares of the company's stock valued at $3,188,000 after buying an additional 676 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 purchasing an additional 918 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in Trinity Capital by 5.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 24,100 shares of the company's stock worth $349,000 after purchasing an additional 1,302 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Trinity Capital by 12.9% during the 3rd quarter. PFG Investments LLC now owns 12,326 shares of the company's stock valued at $167,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Trinity Capital by 11.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 13,852 shares of the company's stock worth $200,000 after acquiring an additional 1,423 shares during the period. 24.62% of the stock is owned by hedge funds and other 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.