FY2024 EPS Estimates for Trinity Capital Lifted by B. Riley

Trinity Capital Inc. (NASDAQ:TRIN - Free Report) - B. Riley increased their FY2024 EPS estimates for shares of Trinity Capital in a note issued to investors on Thursday, October 31st. B. Riley analyst B. Rowe now expects that the company will earn $2.16 per share for the year, up from their prior estimate 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 - Get Free Report) last posted 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). Trinity Capital had a net margin of 40.73% and a return on equity of 16.64%. The company had revenue of $54.64 million during the quarter, compared to analyst estimates of $53.17 million. During the same period last year, the firm earned $0.58 EPS.

Separately, Wells Fargo & Company reduced their target price on Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday.

Trinity Capital Trading Down 3.1 %

NASDAQ:TRIN traded down $0.43 during mid-day trading on Friday, hitting $13.35. 1,103,858 shares of the company's stock were exchanged, compared to its average volume of 487,875. 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 fifty-two week low of $13.27 and a fifty-two week high of $15.44. The company has a 50 day simple moving average of $13.89 and a 200-day simple moving average of $14.33. The firm has a market capitalization of $712.49 million, a P/E ratio of 7.87 and a beta of 0.55.

Trinity Capital Dividend Announcement

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

Insider Buying and Selling at Trinity Capital

In related news, CEO Kyle Steven Brown acquired 3,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the purchase, the chief executive officer now directly owns 975,298 shares of the company's stock, valued at $13,800,466.70. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 5,597 shares of company stock valued at $78,913. 6.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Trinity Capital by 14.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company's stock worth $17,902,000 after acquiring an additional 162,905 shares during the last quarter. Emerald Advisers LLC raised its stake in shares of Trinity Capital by 11.3% in the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company's stock worth $10,923,000 after purchasing an additional 82,001 shares during the last quarter. Millennium Management LLC raised its stake in shares of Trinity Capital by 527.8% in the second quarter. Millennium Management LLC now owns 252,587 shares of the company's stock worth $3,572,000 after purchasing an additional 212,353 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of 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 in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in shares of Trinity Capital during the first quarter valued at approximately $2,022,000. Institutional investors own 24.62% of the company's stock.

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.