Trinity Capital Inc. (NASDAQ:TRIN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Trinity Capital Inc. (NASDAQ:TRIN) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.6667.

Separately, Keefe, Bruyette & Woods upped their price target on shares of Trinity Capital from $16.00 to $16.50 and gave the company a “market perform” rating in a report on Thursday, August 6th.

Insider Buying and Selling at Trinity Capital

In related news, CEO Kyle Brown bought 2,296 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $18.04 per share, for a total transaction of $41,419.84. Following the purchase, the chief executive officer owned 612,262 shares in the company, valued at $11,045,206.48. This trade represents a 0.38% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.25% of the company’s stock.

Institutional Trading of Trinity Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in Trinity Capital by 39.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,153,437 shares of the company’s stock worth $38,525,000 after buying an additional 607,988 shares during the last quarter. Melia Wealth LLC bought a new stake in shares of Trinity Capital in the 2nd quarter valued at approximately $24,221,000. Sound Income Strategies LLC increased its holdings in shares of Trinity Capital by 9.4% in the 2nd quarter. Sound Income Strategies LLC now owns 1,269,744 shares of the company’s stock valued at $22,716,000 after acquiring an additional 109,291 shares during the last quarter. UBS Group AG raised its position in shares of Trinity Capital by 28.8% during the 4th quarter. UBS Group AG now owns 1,038,928 shares of the company’s stock valued at $15,220,000 after acquiring an additional 232,031 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Trinity Capital by 5.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 964,548 shares of the company’s stock valued at $14,131,000 after acquiring an additional 48,764 shares in the last quarter. 24.62% of the stock is owned by institutional investors.

Trinity Capital Stock Performance

Shares of TRIN opened at $17.77 on Wednesday. Trinity Capital has a one year low of $14.13 and a one year high of $18.90. The stock has a 50-day moving average price of $17.97 and a 200 day moving average price of $16.74. The company has a market capitalization of $1.68 billion, a P/E ratio of 9.40 and a beta of 0.61.

Trinity Capital (NASDAQ:TRIN) last announced its earnings results on Wednesday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Trinity Capital had a net margin of 43.45% and a return on equity of 14.94%. The business had revenue of $87.17 million during the quarter, compared to analyst estimates of $91.44 million. As a group, equities research analysts forecast that Trinity Capital will post 2.1 earnings per share for the current fiscal year.

Trinity Capital Company Profile

Trinity Capital Inc is a specialty finance company that provides debt financing to venture capital-backed companies in the growth and expansion stages of their development. The company primarily serves businesses that may have limited access to traditional bank financing, offering capital designed to support product development, hiring, acquisitions, working capital and other corporate needs.

Trinity’s financing solutions include venture debt, equipment financing and other customized loans.