Trinity Capital Inc. (NASDAQ:TRIN – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,020,000 shares, a drop of 33.8% from the February 13th total of 1,540,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 566,000 shares, the short-interest ratio is presently 1.8 days.
Wall Street Analysts Forecast Growth
TRIN has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Trinity Capital from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, February 28th. Keefe, Bruyette & Woods raised their price objective on shares of Trinity Capital from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th.
Read Our Latest Stock Analysis on TRIN
Hedge Funds Weigh In On Trinity Capital
Trinity Capital Stock Performance
Shares of TRIN opened at $15.83 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. The business’s 50 day moving average price is $15.44 and its 200-day moving average price is $14.57. Trinity Capital has a 52 week low of $13.05 and a 52 week high of $16.82. The stock has a market cap of $994.61 million, a P/E ratio of 9.26 and a beta of 0.54.
Trinity Capital (NASDAQ:TRIN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Trinity Capital had a return on equity of 15.90% and a net margin of 40.73%. The firm had revenue of $70.83 million for the quarter, compared to analysts’ expectations of $64.13 million. Equities research analysts anticipate that Trinity Capital will post 2.06 earnings per share for the current fiscal year.
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.
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