Trinity Capital (NASDAQ:TRIN) Sets New 52-Week Low - Should You Sell?

Trinity Capital Inc. (NASDAQ:TRIN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.50 and last traded at $13.19, with a volume of 637759 shares traded. The stock had previously closed at $14.30.

Analysts Set New Price Targets

Several research analysts have commented on TRIN shares. Wells Fargo & Company lifted their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday, February 28th. Keefe, Bruyette & Woods boosted their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th.

Trinity Capital Stock Down 1.8 %

The company's 50 day simple moving average is $15.60 and its 200-day simple moving average is $14.74. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.07. The firm has a market cap of $851.99 million, a P/E ratio of 7.93 and a beta of 0.56.

Trinity Capital (NASDAQ:TRIN - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The company had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million. Research analysts forecast that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 15.04%. The ex-dividend date is Monday, March 31st. Trinity Capital's dividend payout ratio is presently 99.03%.

Hedge Funds Weigh In On Trinity Capital

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of Trinity Capital by 652.3% during the 4th quarter. Wells Fargo & Company MN now owns 243,414 shares of the company's stock valued at $3,522,000 after buying an additional 211,060 shares in the last quarter. Round Rock Advisors LLC purchased a new position in Trinity Capital during the fourth quarter valued at approximately $2,772,000. Trexquant Investment LP increased its stake in shares of Trinity Capital by 421.3% in the fourth quarter. Trexquant Investment LP now owns 225,710 shares of the company's stock worth $3,266,000 after purchasing an additional 182,414 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in shares of Trinity Capital during the 4th quarter valued at $2,469,000. Finally, Sovereign s Capital Management LLC purchased a new position in shares of Trinity Capital during the 4th quarter valued at $2,157,000. 24.62% of the stock is owned by 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.