Wells Fargo & Company Raises Trinity Capital (NASDAQ:TRIN) Price Target to $14.00

Trinity Capital (NASDAQ:TRIN - Get Free Report) had its price objective upped by Wells Fargo & Company from $13.00 to $14.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential downside of 14.71% from the company's previous close.

Separately, Keefe, Bruyette & Woods raised their price target on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Thursday.

Trinity Capital Stock Performance

Shares of NASDAQ:TRIN traded down $0.15 during trading on Friday, reaching $16.42. 337,336 shares of the stock were exchanged, compared to its average volume of 550,055. Trinity Capital has a 12 month low of $13.05 and a 12 month high of $16.82. The stock has a 50-day moving average price of $15.19 and a 200-day moving average price of $14.44. 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 $966.94 million, a PE ratio of 9.60 and a beta of 0.56.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Street Partners LLC bought a new position in Trinity Capital in the 4th quarter valued at about $367,000. Sovereign s Capital Management LLC acquired a new position in Trinity Capital during the fourth quarter valued at approximately $2,157,000. Two Sigma Advisers LP lifted its stake in Trinity Capital by 73.7% during the fourth quarter. Two Sigma Advisers LP now owns 198,400 shares of the company's stock worth $2,871,000 after purchasing an additional 84,200 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Trinity Capital by 19.0% in the 4th quarter. Two Sigma Investments LP now owns 366,702 shares of the company's stock valued at $5,306,000 after purchasing an additional 58,457 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Trinity Capital by 21.9% in the 4th quarter. Millennium Management LLC now owns 449,040 shares of the company's stock valued at $6,498,000 after purchasing an additional 80,721 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company's stock.

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.