Dark Forest Capital Management LP Purchases 55,368 Shares of Triumph Financial, Inc. $TFIN

Key Points

• Dark Forest Capital Management LP increased its stake in Triumph Financial, Inc. by 1,228.5% in Q1, now owning approximately 0.26% of the company valued at $3.46 million.
• Triumph Financial's stock recently saw analysts raise their price target from $56.00 to $63.00, with a consensus rating of "Hold" and a price target of $70.75.
• In the latest quarterly earnings, Triumph Financial reported an EPS of $0.15, exceeding expectations, along with revenues of $108.06 million.

Dark Forest Capital Management LP grew its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 1,228.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,875 shares of the company's stock after purchasing an additional 55,368 shares during the period. Dark Forest Capital Management LP owned 0.26% of Triumph Financial worth $3,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Triumph Financial by 48.0% during the first quarter. CWM LLC now owns 589 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the period. GAMMA Investing LLC grew its position in shares of Triumph Financial by 84.7% during the first quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $40,000 after acquiring an additional 320 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Triumph Financial during the fourth quarter worth about $237,000. NBC Securities Inc. grew its position in shares of Triumph Financial by 88,233.3% during the first quarter. NBC Securities Inc. now owns 2,650 shares of the company's stock worth $153,000 after acquiring an additional 2,647 shares during the last quarter. Finally, Titleist Asset Management LLC bought a new position in shares of Triumph Financial during the first quarter worth about $231,000. 91.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Triumph Financial news, EVP Adam D. Nelson sold 3,500 shares of Triumph Financial stock in a transaction on Monday, August 25th. The stock was sold at an average price of $60.39, for a total transaction of $211,365.00. Following the completion of the transaction, the executive vice president directly owned 27,832 shares of the company's stock, valued at approximately $1,680,774.48. This trade represents a 11.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total value of $391,170.00. Following the completion of the sale, the chief executive officer owned 144,558 shares of the company's stock, valued at approximately $8,699,500.44. This trade represents a 4.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, DA Davidson increased their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $70.75.

Triumph Financial Stock Down 0.6%

NASDAQ:TFIN traded down $0.36 during mid-day trading on Friday, reaching $63.79. The stock had a trading volume of 164,843 shares, compared to its average volume of 221,383. Triumph Financial, Inc. has a fifty-two week low of $42.90 and a fifty-two week high of $110.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The business's 50 day moving average is $59.82 and its 200 day moving average is $58.51. The stock has a market cap of $1.51 billion, a P/E ratio of 144.97 and a beta of 1.29.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.04 by $0.11. Triumph Financial had a return on equity of 1.79% and a net margin of 2.75%.The company had revenue of $108.06 million for the quarter, compared to the consensus estimate of $105.85 million. As a group, sell-side analysts predict that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Triumph Financial Company Profile

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.