Trinity Capital Inc. (OTCMKTS:TRIN – Get Rating) – Stock analysts at B. Riley decreased their Q2 2022 earnings per share (EPS) estimates for shares of Trinity Capital in a note issued to investors on Wednesday, April 20th. B. Riley analyst S. Sherbetchyan now forecasts that the company will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.47. B. Riley has a “Buy” rating and a $20.50 price objective on the stock. B. Riley also issued estimates for Trinity Capital’s Q3 2022 earnings at $0.43 EPS and Q4 2022 earnings at $0.43 EPS.
Trinity Capital (OTCMKTS:TRIN – Get Rating) last posted its earnings results on Thursday, March 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Trinity Capital had a net margin of 160.99% and a return on equity of 9.84%. The business had revenue of $23.61 million during the quarter, compared to analyst estimates of $22.10 million.
Shares of OTCMKTS:TRIN opened at $17.81 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $486.00 million, a P/E ratio of 3.73, a P/E/G ratio of 5.17 and a beta of 0.22. The business has a 50-day moving average price of $18.20 and a two-hundred day moving average price of $17.38. Trinity Capital has a 1-year low of $14.05 and a 1-year high of $20.26.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 8.98%. Trinity Capital’s payout ratio is currently 33.47%.
In other news, CEO Steve Louis Brown purchased 1,550 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The shares were bought at an average cost of $18.27 per share, for a total transaction of $28,318.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 2,475 shares of company stock worth $45,296 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of Trinity Capital in the fourth quarter worth $25,000. Morgan Stanley raised its stake in shares of Trinity Capital by 3,677.0% in the third quarter. Morgan Stanley now owns 2,795 shares of the company’s stock worth $45,000 after purchasing an additional 2,721 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Trinity Capital in the fourth quarter worth $59,000. Citadel Advisors LLC purchased a new position in shares of Trinity Capital in the second quarter worth $160,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Trinity Capital in the fourth quarter worth $281,000. Institutional investors and hedge funds own 25.41% of the company’s stock.
Trinity Capital Company Profile (Get Rating)
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 and Austin, Texas.
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