Dynamic Technology Lab Private Ltd Invests $332,000 in Triumph Financial, Inc. $TFIN

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Triumph Financial, Inc. by purchasing 5,740 shares valued at approximately $332,000.
• Institutional investors own 91.11% of Triumph Financial's stock, indicating significant institutional interest in the company.
• Triumph Financial's stock experienced a 3.9% increase, with a market capitalization of $1.40 billion and a recent earnings report showing EPS of $0.15, exceeding expectations.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,740 shares of the company's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Triumph Financial by 12.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,991,713 shares of the company's stock worth $172,921,000 after acquiring an additional 330,165 shares during the period. Bank of America Corp DE lifted its holdings in Triumph Financial by 478.3% during the 4th quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock valued at $31,860,000 after purchasing an additional 289,955 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Triumph Financial by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 206,865 shares of the company's stock valued at $11,957,000 after purchasing an additional 7,794 shares during the last quarter. Peregrine Capital Management LLC lifted its holdings in Triumph Financial by 24.8% during the 1st quarter. Peregrine Capital Management LLC now owns 181,322 shares of the company's stock valued at $10,480,000 after purchasing an additional 35,990 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Triumph Financial by 16.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 165,914 shares of the company's stock valued at $9,590,000 after purchasing an additional 23,244 shares during the last quarter. 91.11% of the stock is owned by institutional investors.

Insider Activity

In other Triumph Financial news, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the completion of the sale, the executive vice president owned 27,832 shares in the company, valued at approximately $1,680,774.48. This trade represents 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 firm's stock in a transaction dated 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 owned 144,558 shares of the company's stock, valued at $8,699,500.44. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.58% of the company's stock.

Triumph Financial Price Performance

TFIN traded up $2.15 during midday trading on Thursday, hitting $59.31. The company had a trading volume of 297,903 shares, compared to its average volume of 221,762. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.41 billion, a PE ratio of 134.79 and a beta of 1.29. Triumph Financial, Inc. has a twelve month low of $42.90 and a twelve month high of $110.58. The firm's 50-day simple moving average is $59.21 and its 200-day simple moving average is $58.03.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. The firm had revenue of $108.06 million during 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%. Equities research analysts predict that Triumph Financial, Inc. will post 1.08 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Triumph Financial

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.