Trinity Capital (NASDAQ:TRIN) Sets New 12-Month Low – What’s Next?

Trinity Capital Inc. (NASDAQ:TRIN) hit a new 52-week low during mid-day trading on Monday . The company 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.

Wall Street Analyst Weigh In

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

Trinity Capital Stock Down 0.4 %

The stock has a market cap of $850.10 million, a price-to-earnings ratio of 7.91 and a beta of 0.56. The firm’s 50-day moving average is $15.71 and its 200 day moving average is $14.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05.

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

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 15.08%. The ex-dividend date is Monday, March 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 99.03%.

Institutional Inflows and Outflows

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

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.