GAMMA Investing LLC Has $2.33 Million Stock Holdings in Triumph Financial, Inc. (NASDAQ:TFIN)

GAMMA Investing LLC grew its holdings in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 10,573.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,344 shares of the company's stock after purchasing an additional 39,966 shares during the period. GAMMA Investing LLC owned approximately 0.17% of Triumph Financial worth $2,332,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TFIN. Rhumbline Advisers lifted its holdings in shares of Triumph Financial by 2.5% in the fourth quarter. Rhumbline Advisers now owns 61,508 shares of the company's stock valued at $5,590,000 after purchasing an additional 1,497 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Triumph Financial by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 107,011 shares of the company's stock valued at $9,725,000 after purchasing an additional 3,219 shares in the last quarter. Alberta Investment Management Corp raised its holdings in shares of Triumph Financial by 75.3% during the fourth quarter. Alberta Investment Management Corp now owns 46,620 shares of the company's stock worth $4,237,000 after acquiring an additional 20,032 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Triumph Financial by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 12,326 shares of the company's stock worth $1,120,000 after acquiring an additional 252 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Triumph Financial by 2.5% during the fourth quarter. US Bancorp DE now owns 13,425 shares of the company's stock worth $1,220,000 after acquiring an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 91.11% of the company's stock.

Insider Activity

In other Triumph Financial news, Director Debra A. Bradford purchased 1,508 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of $49.39 per share, with a total value of $74,480.12. Following the completion of the transaction, the director now owns 3,348 shares in the company, valued at $165,357.72. This trade represents a 81.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Davis R. Deadman purchased 1,500 shares of the stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the transaction, the director now owns 10,220 shares of the company's stock, valued at $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 4,008 shares of company stock valued at $208,380. 5.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. B. Riley reiterated a "neutral" rating and set a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their target price on Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, DA Davidson cut their target price on Triumph Financial from $68.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $68.20.

Triumph Financial Stock Down 3.2%

NASDAQ TFIN traded down $1.87 during trading on Friday, hitting $57.31. 147,040 shares of the company traded hands, compared to its average volume of 175,306. Triumph Financial, Inc. has a 12 month low of $42.90 and a 12 month high of $110.58. The business has a fifty day simple moving average of $55.64 and a 200 day simple moving average of $70.90. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.34 billion, a P/E ratio of 106.13 and a beta of 1.32.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its earnings results on Wednesday, April 16th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Triumph Financial had a net margin of 3.30% and a return on equity of 1.93%. The company had revenue of $101.57 million for the quarter, compared to the consensus estimate of $104.49 million. During the same quarter last year, the business earned $0.14 earnings per share. As a group, sell-side analysts predict 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.