Luxor Capital Group LP trimmed its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 28.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 702,983 shares of the company's stock after selling 275,268 shares during the quarter. Triumph Financial makes up about 3.5% of Luxor Capital Group LP's investment portfolio, making the stock its 6th largest holding. Luxor Capital Group LP owned about 3.01% of Triumph Financial worth $55,915,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in Triumph Financial by 2.0% in the second quarter. Arizona State Retirement System now owns 6,205 shares of the company's stock worth $507,000 after purchasing an additional 124 shares during the period. Callan Family Office LLC boosted its stake in shares of Triumph Financial by 1.1% during the 2nd quarter. Callan Family Office LLC now owns 11,667 shares of the company's stock worth $954,000 after acquiring an additional 126 shares during the period. Louisiana State Employees Retirement System increased its position in Triumph Financial by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock worth $891,000 after buying an additional 200 shares during the period. Kings Path Partners LLC raised its stake in Triumph Financial by 2.4% in the third quarter. Kings Path Partners LLC now owns 9,125 shares of the company's stock valued at $726,000 after purchasing an additional 216 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company's stock valued at $63,000 after purchasing an additional 253 shares in the last quarter. 91.11% of the stock is currently owned by institutional investors.
Triumph Financial Stock Down 1.7 %
Triumph Financial stock traded down $1.78 during trading hours on Monday, reaching $102.44. The stock had a trading volume of 31,757 shares, compared to its average volume of 153,480. Triumph Financial, Inc. has a 52 week low of $66.85 and a 52 week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 133.62 and a beta of 1.21. The business's 50 day moving average price is $92.32 and its 200-day moving average price is $85.02.
Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its earnings results on Wednesday, October 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $125.57 million for the quarter, compared to analyst estimates of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same quarter last year, the firm posted $0.51 EPS. Sell-side analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current year.
Insider Activity at Triumph Financial
In related news, CEO Aaron P. Graft sold 13,500 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $106.36, for a total transaction of $1,435,860.00. Following the completion of the sale, the chief executive officer now owns 151,533 shares in the company, valued at $16,117,049.88. This represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.15% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on TFIN. B. Riley restated a "neutral" rating and issued a $65.00 price target on shares of Triumph Financial in a report on Wednesday, October 2nd. DA Davidson upped their target price on shares of Triumph Financial from $74.00 to $84.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $71.60.
Check Out Our Latest Analysis on Triumph Financial
Triumph Financial Profile
(
Free Report)
Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.
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