FY2024 EPS Estimates for Trinity Capital Boosted by Analyst

Trinity Capital Inc. (NASDAQ:TRIN) – Research analysts at B. Riley increased their FY2024 EPS estimates for Trinity Capital in a note issued to investors on Thursday, October 31st. B. Riley analyst B. Rowe now anticipates that the company will earn $2.16 per share for the year, up from their prior forecast of $2.13. The consensus estimate for Trinity Capital’s current full-year earnings is $2.08 per share. B. Riley also issued estimates for Trinity Capital’s Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.54 EPS and Q4 2025 earnings at $0.53 EPS.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Trinity Capital had a return on equity of 16.64% and a net margin of 40.73%. The company had revenue of $54.64 million during the quarter, compared to the consensus estimate of $53.17 million. During the same period in the previous year, the company earned $0.58 earnings per share.

Separately, Wells Fargo & Company decreased their target price on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday.

Trinity Capital Price Performance

TRIN stock opened at $13.35 on Friday. Trinity Capital has a 1 year low of $13.27 and a 1 year high of $15.44. The firm has a 50-day moving average of $13.87 and a 200 day moving average of $14.32. The company has a market cap of $712.50 million, a P/E ratio of 7.81 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.11 and a quick ratio of 0.11.

Institutional Investors Weigh In On Trinity Capital

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Trinity Capital during the second quarter valued at approximately $35,000. Blue Trust Inc. grew its holdings in shares of Trinity Capital by 522.1% during the third quarter. Blue Trust Inc. now owns 7,714 shares of the company’s stock valued at $109,000 after buying an additional 6,474 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Trinity Capital during the first quarter valued at approximately $150,000. MQS Management LLC purchased a new stake in shares of Trinity Capital during the second quarter valued at approximately $152,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Trinity Capital by 9.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,173 shares of the company’s stock valued at $152,000 after buying an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 24.62% of the company’s stock.

Insider Buying and Selling at Trinity Capital

In other Trinity Capital news, CEO Kyle Steven Brown bought 3,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $14.15 per share, with a total value of $49,525.00. Following the completion of the purchase, the chief executive officer now owns 975,298 shares of the company’s stock, valued at approximately $13,800,466.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 5,597 shares of company stock valued at $78,913. Corporate insiders own 6.38% of the company’s stock.

Trinity Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 15.28%. The ex-dividend date was Monday, September 30th. Trinity Capital’s dividend payout ratio is 119.30%.

Trinity Capital Company Profile

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.