Q4 Earnings Estimate for Trinity Capital Issued By B. Riley

Trinity Capital Inc. (NASDAQ:TRIN) – Equities research analysts at B. Riley upped their Q4 2024 earnings per share estimates for Trinity Capital in a report issued 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 estimate 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.

Trinity Capital (NASDAQ:TRIN) last issued its 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). The company had revenue of $54.64 million for the quarter, compared to the consensus estimate of $53.17 million. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. During the same quarter last year, the business posted $0.58 EPS.

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

Trinity Capital Stock Down 1.8 %

Shares of NASDAQ TRIN opened at $13.11 on Monday. The stock has a market cap of $772.31 million, a P/E ratio of 7.74 and a beta of 0.55. The firm has a 50 day moving average price of $13.87 and a 200 day moving average price of $14.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.11 and a current ratio of 0.05. Trinity Capital has a 52-week low of $13.05 and a 52-week high of $15.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRIN. Commonwealth Equity Services LLC boosted its stake in Trinity Capital by 127.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 68,021 shares of the company’s stock worth $999,000 after purchasing an additional 38,172 shares during the period. Quantbot Technologies LP boosted its position in shares of Trinity Capital by 77.0% during the first quarter. Quantbot Technologies LP now owns 39,228 shares of the company’s stock worth $576,000 after buying an additional 17,068 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Trinity Capital by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 32,358 shares of the company’s stock worth $475,000 after buying an additional 11,011 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Trinity Capital in the 1st quarter valued at approximately $195,000. Finally, Paloma Partners Management Co bought a new stake in Trinity Capital in the 1st quarter valued at approximately $150,000. Institutional investors and hedge funds own 24.62% of the company’s stock.

Insider Activity at Trinity Capital

In related news, CEO Kyle Steven Brown bought 3,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $14.15 per share, for a total transaction 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. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders acquired 5,597 shares of company stock worth $78,913. 6.38% of the stock is owned by company insiders.

Trinity Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 15.56%. The ex-dividend date of this dividend was Monday, September 30th. Trinity Capital’s dividend payout ratio (DPR) is presently 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.