Trinity Capital (NASDAQ:TRIN) Announces Earnings Results

Trinity Capital (NASDAQ:TRIN) announced its earnings results on Wednesday. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03, Zacks reports. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $70.83 million during the quarter, compared to analysts’ expectations of $64.13 million.

Trinity Capital Stock Down 1.9 %

TRIN opened at $16.22 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.05 and a quick ratio of 0.05. Trinity Capital has a 12 month low of $13.05 and a 12 month high of $16.82. The stock has a market capitalization of $955.46 million, a P/E ratio of 9.49 and a beta of 0.56. The business has a 50 day simple moving average of $15.15 and a 200-day simple moving average 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 paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis 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 119.30%.

Wall Street Analyst Weigh In

Several research firms have commented on TRIN. Wells Fargo & Company reaffirmed an “underweight” rating and set a $13.00 price objective on shares of Trinity Capital in a research note on Monday, December 2nd. Keefe, Bruyette & Woods upped their price target on Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note 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.