Trinity Capital (NASDAQ:TRIN - Get Free Report) posted its earnings results on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03, Zacks reports. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million for the quarter, compared to analysts' expectations of $64.13 million.
Trinity Capital Price Performance
Shares of Trinity Capital stock traded up $0.34 on Friday, hitting $16.56. 531,594 shares of the company traded hands, compared to its average volume of 556,472. The firm's 50-day simple moving average is $15.15 and its 200 day simple moving average is $14.42. 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 company has a market cap of $975.48 million, a P/E ratio of 9.68 and a beta of 0.56. Trinity Capital has a 12-month low of $13.05 and a 12-month high of $16.82.
Trinity Capital Dividend Announcement
The business also recently disclosed 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 12.32%. The ex-dividend date was Tuesday, December 31st. Trinity Capital's dividend payout ratio (DPR) is currently 99.03%.
Wall Street Analysts Forecast Growth
TRIN has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Friday. Keefe, Bruyette & Woods increased their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Thursday.
Read Our Latest Report on TRIN
About Trinity Capital
(
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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.
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