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

Trinity Capital Inc. (NASDAQ:TRIN)’s stock price reached a new 52-week low during trading on Monday . The stock 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.

Analysts Set New Price Targets

A number of research analysts have commented on TRIN shares. Keefe, Bruyette & Woods increased their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, February 28th.

Trinity Capital Stock Performance

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

Trinity Capital (NASDAQ:TRIN) last posted its earnings results on Wednesday, February 26th. The company reported $0.56 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 firm had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. On average, analysts expect that Trinity Capital Inc. will post 2.06 earnings per share for the current fiscal year.

Trinity Capital Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRIN. Wealth Enhancement Advisory Services LLC lifted its position in Trinity Capital by 9.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,173 shares of the company’s stock worth $176,000 after purchasing an additional 1,000 shares during the period. Principal Street Partners LLC bought a new stake in shares of Trinity Capital in the 4th quarter worth $367,000. Sovereign s Capital Management LLC acquired a new stake in shares of Trinity Capital in the fourth quarter valued at $2,157,000. Two Sigma Advisers LP lifted its holdings in shares of Trinity Capital by 73.7% in the fourth quarter. Two Sigma Advisers LP now owns 198,400 shares of the company’s stock valued at $2,871,000 after buying an additional 84,200 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Trinity Capital by 19.0% during the fourth quarter. Two Sigma Investments LP now owns 366,702 shares of the company’s stock valued at $5,306,000 after buying an additional 58,457 shares in the last quarter. 24.62% of the stock is currently owned by 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 the United States.