Dark Forest Capital Management LP Has $3.46 Million Position in 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 raised its stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 1,228.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,875 shares of the company's stock after buying an additional 55,368 shares during the period. Dark Forest Capital Management LP owned approximately 0.26% of Triumph Financial worth $3,461,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Triumph Financial by 73.8% in the first quarter. Royal Bank of Canada now owns 27,541 shares of the company's stock valued at $1,592,000 after buying an additional 11,694 shares in the last quarter. First Sabrepoint Capital Management LP boosted its holdings in Triumph Financial by 18.5% in the first quarter. First Sabrepoint Capital Management LP now owns 80,000 shares of the company's stock worth $4,624,000 after purchasing an additional 12,512 shares in the last quarter. Titleist Asset Management LLC bought a new stake in Triumph Financial in the first quarter worth $231,000. Rafferty Asset Management LLC boosted its holdings in Triumph Financial by 7.5% during the first quarter. Rafferty Asset Management LLC now owns 26,209 shares of the company's stock valued at $1,515,000 after acquiring an additional 1,831 shares during the period. Finally, Comerica Bank lifted its stake in shares of Triumph Financial by 3.5% in the first quarter. Comerica Bank now owns 7,903 shares of the company's stock valued at $457,000 after buying an additional 269 shares during the period. Institutional investors own 91.11% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Triumph Financial Trading Down 0.6%

TFIN stock traded down $0.39 during midday trading on Monday, reaching $63.47. The company's stock had a trading volume of 53,216 shares, compared to its average volume of 220,270. The business's 50-day simple moving average is $59.82 and its 200-day simple moving average is $58.43. The stock has a market cap of $1.51 billion, a PE ratio of 144.24 and a beta of 1.29. Triumph Financial, Inc. has a 52 week low of $42.90 and a 52 week high of $110.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

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