Trinity Capital (NASDAQ:TRIN) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Trinity Capital (NASDAQ:TRIN) released its quarterly earnings data on Wednesday. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03, Zacks reports. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%.

Trinity Capital Trading Up 5.7 %

Shares of Trinity Capital stock traded up $0.90 on Wednesday, hitting $16.64. 299,089 shares of the company’s stock traded hands, compared to its average volume of 526,886. The firm’s 50-day moving average price is $15.07 and its two-hundred day moving average price is $14.39. 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 stock has a market capitalization of $980.43 million, a PE ratio of 9.74 and a beta of 0.56. Trinity Capital has a one year low of $13.05 and a one year high of $16.82.

Trinity Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 12.26%. The ex-dividend date of this dividend was Tuesday, December 31st. Trinity Capital’s dividend payout ratio is 119.30%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reissued an “underweight” rating and issued a $13.00 target price on shares of Trinity Capital in a report on Monday, December 2nd.

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.