Brokerages Set Trinity Capital Inc. (OTCMKTS:TRIN) Target Price at $16.46

Shares of Trinity Capital Inc. (OTCMKTS:TRIN) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.46.

A number of analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Trinity Capital in a research note on Tuesday, February 23rd. They issued a “buy” rating and a $16.50 price target for the company. LADENBURG THALM/SH SH assumed coverage on shares of Trinity Capital in a research note on Tuesday, February 23rd. They issued a “neutral” rating for the company. Wells Fargo & Company assumed coverage on shares of Trinity Capital in a research note on Tuesday, February 23rd. They issued an “overweight” rating and a $16.00 price target for the company. Janney Montgomery Scott assumed coverage on shares of Trinity Capital in a research note on Tuesday, February 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Trinity Capital in a research note on Tuesday, February 23rd. They issued an “outperform” rating and a $17.50 price target for the company.

OTCMKTS TRIN traded down $0.07 on Wednesday, hitting $14.69. The stock had a trading volume of 101,022 shares, compared to its average volume of 87,427. Trinity Capital has a one year low of $13.46 and a one year high of $15.99. The company’s 50-day moving average is $14.68 and its two-hundred day moving average is $12.24.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 16th. Investors of record on Wednesday, March 31st were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, March 30th. This is a positive change from Trinity Capital’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 7.62%.

Trinity Capital Company Profile

Trinity Capital Inc 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 Chandler, Arizona.

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Analyst Recommendations for Trinity Capital (OTCMKTS:TRIN)

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