B. Riley Has Positive Outlook of Trinity Capital Q4 Earnings

Trinity Capital Inc. (NASDAQ:TRIN) – B. Riley upped their Q4 2024 EPS estimates for Trinity Capital in a report released on Thursday, October 31st. B. Riley analyst B. Rowe now forecasts that the company will earn $0.55 per share for the quarter, up from their prior forecast of $0.53. The consensus estimate for Trinity Capital’s current full-year earnings is $2.09 per share. B. Riley also issued estimates for Trinity Capital’s FY2025 earnings at $2.13 EPS.

Separately, Wells Fargo & Company lowered their price objective on shares of Trinity Capital from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

Trinity Capital Stock Up 2.0 %

Shares of TRIN opened at $13.37 on Monday. 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 has a 52-week low of $13.05 and a 52-week high of $15.44. The company has a market cap of $787.63 million, a PE ratio of 7.80 and a beta of 0.55. The business has a fifty day moving average of $13.85 and a 200 day moving average of $14.31.

Trinity Capital (NASDAQ:TRIN) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. The business had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. During the same quarter last year, the business earned $0.58 EPS.

Hedge Funds Weigh In On Trinity Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. MQS Management LLC increased its stake in shares of Trinity Capital by 159.5% in the third quarter. MQS Management LLC now owns 27,957 shares of the company’s stock worth $379,000 after acquiring an additional 17,184 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Trinity Capital in the 3rd quarter valued at about $395,000. Catalyst Capital Advisors LLC boosted its stake in shares of Trinity Capital by 111.4% in the third quarter. Catalyst Capital Advisors LLC now owns 38,337 shares of the company’s stock worth $520,000 after buying an additional 20,200 shares during the last quarter. Emerald Advisers LLC grew its holdings in Trinity Capital by 11.3% during the third quarter. Emerald Advisers LLC now owns 804,942 shares of the company’s stock worth $10,923,000 after acquiring an additional 82,001 shares during the period. Finally, Van ECK Associates Corp raised its position in Trinity Capital by 14.3% during the third quarter. Van ECK Associates Corp now owns 1,301,090 shares of the company’s stock valued at $17,902,000 after acquiring an additional 162,905 shares in the last quarter. Institutional investors and hedge funds own 24.62% of the company’s stock.

Insider Activity at Trinity Capital

In other Trinity Capital news, Director Ronald E. Estes purchased 2,000 shares of Trinity Capital stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $13.59 per share, with a total value of $27,180.00. Following the completion of the transaction, the director now owns 25,836 shares in the company, valued at approximately $351,111.24. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Ronald E. Estes acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $13.59 per share, with a total value of $27,180.00. Following the transaction, the director now directly owns 25,836 shares of the company’s stock, valued at $351,111.24. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kyle Steven Brown purchased 3,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $14.15 per share, with a total value of $49,525.00. Following the acquisition, the chief executive officer now owns 975,298 shares of the company’s stock, valued at approximately $13,800,466.70. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 15,159 shares of company stock valued at $207,348 over the last 90 days. Insiders own 6.38% of the company’s stock.

Trinity Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.04 annualized dividend and a dividend yield of 15.26%. Trinity Capital’s dividend payout ratio (DPR) is presently 119.30%.

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.