Trinity Capital (NASDAQ:TRIN) Hits New 52-Week Low – Should You Sell?

Shares of Trinity Capital Inc. (NASDAQ:TRIN) hit 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

Several equities analysts recently commented on TRIN shares. Keefe, Bruyette & Woods upped their price objective 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. Wells Fargo & Company upped their target price on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th.

Trinity Capital Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market capitalization of $840.36 million, a PE ratio of 7.85 and a beta of 0.56. The business’s 50 day moving average is $15.80 and its two-hundred day moving average is $14.76.

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

Trinity Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 15.25%. The ex-dividend date of this dividend is Monday, March 31st. Trinity Capital’s payout ratio is currently 99.03%.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Trinity Capital by 652.3% in the fourth 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 last quarter. Round Rock Advisors LLC bought a new position in Trinity Capital in the fourth quarter worth $2,772,000. Trexquant Investment LP lifted its position in Trinity Capital by 421.3% during the fourth quarter. Trexquant Investment LP now owns 225,710 shares of the company’s stock valued at $3,266,000 after buying an additional 182,414 shares during the period. GraniteShares Advisors LLC bought a new stake in shares of Trinity Capital during the 4th quarter valued at $2,469,000. Finally, Sovereign s Capital Management LLC bought a new position in shares of Trinity Capital in the 4th quarter worth about $2,157,000. Hedge funds and other institutional investors own 24.62% of the company’s stock.

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.