Keefe, Bruyette & Woods Issues Positive Forecast for Trinity Capital (NASDAQ:TRIN) Stock Price

Trinity Capital (NASDAQ:TRIN) had its target price raised by analysts at Keefe, Bruyette & Woods from $15.00 to $16.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential downside of 3.26% from the company’s current price.

Separately, Wells Fargo & Company reiterated an “underweight” rating and issued a $13.00 price target on shares of Trinity Capital in a research note on Monday, December 2nd.

Trinity Capital Stock Up 5.1 %

Shares of NASDAQ:TRIN opened at $16.54 on Thursday. The firm’s 50 day moving average price is $15.11 and its 200 day moving average price is $14.41. The stock has a market cap of $974.31 million, a price-to-earnings ratio of 9.67 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.

Trinity Capital (NASDAQ:TRIN) last issued its earnings results on Wednesday, February 26th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. As a group, equities research analysts predict that Trinity Capital will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trinity Capital

Hedge funds have recently modified their holdings of the business. Quarry LP grew its position in Trinity Capital by 1,053.0% in the 3rd quarter. Quarry LP now owns 3,701 shares of the company’s stock valued at $50,000 after buying an additional 3,380 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Trinity Capital in the third quarter valued at $57,000. Trust Co. of Vermont acquired a new stake in Trinity Capital in the fourth quarter valued at $101,000. Aquatic Capital Management LLC acquired a new stake in Trinity Capital in the fourth quarter valued at $124,000. Finally, Blue Trust Inc. lifted its holdings in Trinity Capital by 27.2% in the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after acquiring an additional 2,100 shares during the period. 24.62% of the stock is currently owned by hedge funds and other 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.