Trinity Capital (NASDAQ:TRIN) Releases Quarterly Earnings Results

Trinity Capital (NASDAQ:TRIN) posted its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03, Zacks reports. 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%.

Trinity Capital Price Performance

TRIN stock opened at $16.22 on Friday. The stock has a market cap of $955.46 million, a price-to-earnings ratio of 9.49 and a beta of 0.56. Trinity Capital has a fifty-two week low of $13.05 and a fifty-two week high of $16.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $15.15 and a 200 day moving average price of $14.42.

Trinity Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.58%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRIN shares. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $13.00 price target on shares of Trinity Capital in a research report on Monday, December 2nd. Keefe, Bruyette & Woods raised their target price on shares of Trinity Capital from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Thursday.

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.