What is B. Riley's Forecast for Trinity Capital Q4 Earnings?

Trinity Capital Inc. (NASDAQ:TRIN - Free Report) - Research analysts at B. Riley upped their Q4 2024 earnings per share estimates for Trinity Capital in a note issued to investors on Thursday, October 31st. B. Riley analyst B. Rowe now forecasts that the company will post earnings of $0.55 per share for the quarter, up from their previous estimate of $0.53. The consensus estimate for Trinity Capital's current full-year earnings is $2.09 per share. B. Riley also issued estimates for Trinity Capital's FY2025 earnings at $2.13 EPS.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. During the same period in the prior year, the business posted $0.58 EPS.

Separately, Wells Fargo & Company dropped their price objective on Trinity Capital from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th.

Trinity Capital Price Performance

NASDAQ:TRIN traded down $0.24 during trading hours on Monday, hitting $13.11. 924,004 shares of the company's stock traded hands, compared to its average volume of 490,829. The firm has a market cap of $772.31 million, a P/E ratio of 7.74 and a beta of 0.55. Trinity Capital has a 52 week low of $13.05 and a 52 week high of $15.44. The business's fifty day simple moving average is $13.87 and its two-hundred day simple moving average is $14.32. The company has a quick ratio of 0.11, a current ratio of 0.05 and a debt-to-equity ratio of 0.07.

Trinity Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 15.56%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital's dividend payout ratio (DPR) is currently 119.30%.

Insiders Place Their Bets

In other news, CEO Kyle Steven Brown purchased 3,500 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $14.15 per share, with a total value of $49,525.00. Following the completion of the purchase, the chief executive officer now directly owns 975,298 shares in the company, valued at approximately $13,800,466.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 5,597 shares of company stock valued at $78,913 over the last 90 days. Insiders own 6.38% of the company's stock.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently modified their holdings of TRIN. International Assets Investment Management LLC bought a new stake in shares of Trinity Capital in the 2nd quarter valued at about $35,000. Blue Trust Inc. increased its holdings in Trinity Capital by 522.1% during 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 purchased a new position in Trinity Capital during the 1st quarter valued at about $150,000. MQS Management LLC purchased a new position in Trinity Capital during the 2nd quarter valued at about $152,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Trinity Capital by 9.0% during the 3rd 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 during the period. 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.