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

Trinity Capital (NASDAQ:TRIN) had its price target cut by analysts at Keefe, Bruyette & Woods from $16.00 to $15.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 5.26% from the stock’s previous close.

Several other brokerages also recently issued reports on TRIN. UBS Group cut their price objective on Trinity Capital from $18.00 to $16.50 and set a “buy” rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on Trinity Capital from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th.

Trinity Capital Stock Performance

NASDAQ TRIN opened at $14.25 on Thursday. The business has a 50 day moving average price of $14.93 and a 200 day moving average price of $14.80. 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 company has a market capitalization of $921.32 million, a P/E ratio of 8.33 and a beta of 0.57. Trinity Capital has a 1-year low of $12.50 and a 1-year high of $16.82.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The business had revenue of $65.39 million during the quarter, compared to analysts’ expectations of $67.67 million. Sell-side analysts expect that Trinity Capital will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Trinity Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in TRIN. Commonwealth Equity Services LLC increased its stake in shares of Trinity Capital by 24.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 116,600 shares of the company’s stock valued at $1,687,000 after acquiring an additional 22,657 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Trinity Capital in the 4th quarter valued at $708,000. Y Intercept Hong Kong Ltd grew its stake in shares of Trinity Capital by 151.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,717 shares of the company’s stock valued at $459,000 after buying an additional 19,125 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Trinity Capital by 31.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 88,311 shares of the company’s stock worth $1,261,000 after buying an additional 21,154 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Trinity Capital by 75.8% in the 4th quarter. Advisors Asset Management Inc. now owns 177,238 shares of the company’s stock worth $2,565,000 after buying an additional 76,401 shares during the period. 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.