Trinity Capital (NASDAQ:TRIN – Get Rating) is set to issue its quarterly earnings data after the market closes on Thursday, May 4th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Trinity Capital (NASDAQ:TRIN – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $41.51 million during the quarter, compared to analyst estimates of $37.82 million. Trinity Capital had a negative net margin of 20.88% and a positive return on equity of 15.69%. On average, analysts expect Trinity Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Trinity Capital Price Performance
Shares of NASDAQ:TRIN opened at $11.91 on Thursday. The company’s 50-day moving average is $12.95 and its 200 day moving average is $12.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $415.90 million, a P/E ratio of -12.03 and a beta of 0.57. Trinity Capital has a fifty-two week low of $10.23 and a fifty-two week high of $18.05.
Trinity Capital Increases Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. B. Riley increased their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Keefe, Bruyette & Woods cut shares of Trinity Capital from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $13.50 to $11.00 in a research report on Monday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.55.
Insider Buying and Selling at Trinity Capital
In related news, insider Kyle Steven Brown purchased 3,646 shares of Trinity Capital stock in a transaction dated Thursday, March 9th. The stock was purchased at an average cost of $13.71 per share, for a total transaction of $49,986.66. Following the completion of the acquisition, the insider now directly owns 46,140 shares of the company’s stock, valued at $632,579.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.90% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp bought a new stake in Trinity Capital in the 1st quarter worth approximately $369,000. Jane Street Group LLC bought a new position in Trinity Capital in the 1st quarter valued at $360,000. NewEdge Advisors LLC grew its position in Trinity Capital by 12.2% in the 1st quarter. NewEdge Advisors LLC now owns 17,924 shares of the company’s stock valued at $346,000 after acquiring an additional 1,955 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Trinity Capital by 3.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,126 shares of the company’s stock worth $306,000 after buying an additional 742 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Trinity Capital by 177.6% during the 4th quarter. Morgan Stanley now owns 23,420 shares of the company’s stock worth $256,000 after purchasing an additional 14,984 shares during the last quarter. 26.95% of the stock is owned by hedge funds and other 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 Lutherville-Timonium, Maryland, San Diego, California and Austin, Texas.
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