GAMMA Investing LLC Purchases 39,966 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

GAMMA Investing LLC lifted its stake in shares of Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) by 10,573.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,344 shares of the company's stock after buying an additional 39,966 shares during the quarter. GAMMA Investing LLC owned about 0.17% of Triumph Financial worth $2,332,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Triumph Financial by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,027,420 shares of the company's stock valued at $184,252,000 after acquiring an additional 24,868 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Triumph Financial by 1.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,175,616 shares of the company's stock valued at $106,840,000 after purchasing an additional 19,286 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Triumph Financial by 34.0% during the fourth quarter. American Century Companies Inc. now owns 782,198 shares of the company's stock worth $71,086,000 after purchasing an additional 198,611 shares during the period. Bank of America Corp DE increased its stake in shares of Triumph Financial by 478.3% during the fourth quarter. Bank of America Corp DE now owns 350,573 shares of the company's stock worth $31,860,000 after purchasing an additional 289,955 shares during the period. Finally, Northern Trust Corp lifted its holdings in Triumph Financial by 7.6% during the 4th quarter. Northern Trust Corp now owns 227,875 shares of the company's stock worth $20,709,000 after purchasing an additional 16,061 shares during the last quarter. Institutional investors and hedge funds own 91.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TFIN shares. B. Riley reaffirmed a "neutral" rating and issued a $55.00 price objective (down from $65.00) on shares of Triumph Financial in a report on Wednesday, April 23rd. DA Davidson reduced their target price on shares of Triumph Financial from $68.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Triumph Financial from $68.00 to $56.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $68.20.

Triumph Financial Price Performance

NASDAQ:TFIN traded down $2.58 during trading hours on Tuesday, reaching $55.68. 258,389 shares of the company were exchanged, compared to its average volume of 175,390. The business has a 50 day moving average of $55.87 and a 200 day moving average of $69.93. The company has a market capitalization of $1.30 billion, a P/E ratio of 150.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. Triumph Financial, Inc. has a 1-year low of $42.90 and a 1-year high of $110.58.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The company had revenue of $101.57 million during the quarter, compared to analyst estimates of $104.49 million. Triumph Financial had a net margin of 2.44% and a return on equity of 1.61%. During the same period last year, the firm earned $0.14 EPS. Research analysts forecast that Triumph Financial, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling

In other Triumph Financial news, Director Harrison B. Barnes bought 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were purchased at an average price of $53.65 per share, for a total transaction of $53,650.00. Following the completion of the transaction, the director now directly owns 21,565 shares in the company, valued at approximately $1,156,962.25. The trade was a 4.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Davis R. Deadman purchased 1,500 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $53.50 per share, for a total transaction of $80,250.00. Following the completion of the acquisition, the director now directly owns 10,220 shares in the company, valued at $546,770. The trade was a 17.20% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,008 shares of company stock worth $208,380. Corporate insiders own 5.58% of the company's stock.

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.