Luxor Capital Group LP Sells 507,659 Shares of Triumph Financial, Inc. $TFIN

Luxor Capital Group LP cut its position in Triumph Financial, Inc. (NYSE:TFIN) by 68.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 232,299 shares of the company’s stock after selling 507,659 shares during the quarter. Triumph Financial accounts for approximately 1.0% of Luxor Capital Group LP’s investment portfolio, making the stock its 16th biggest holding. Luxor Capital Group LP’s holdings in Triumph Financial were worth $13,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Triumph Financial by 46.1% during the fourth quarter. Farther Finance Advisors LLC now owns 491 shares of the company’s stock valued at $31,000 after buying an additional 155 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Triumph Financial by 9.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,284 shares of the company’s stock worth $126,000 after acquiring an additional 195 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Triumph Financial in the 4th quarter worth approximately $174,000. Maryland State Retirement & Pension System bought a new position in Triumph Financial in the 4th quarter valued at approximately $206,000. Finally, Benjamin Edwards Inc. bought a new position in Triumph Financial in the 4th quarter valued at approximately $208,000. Institutional investors own 91.11% of the company’s stock.

Insider Buying and Selling at Triumph Financial

In other news, insider Todd Ritterbusch acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $67.01 per share, with a total value of $469,070.00. Following the completion of the acquisition, the insider directly owned 22,804 shares of the company’s stock, valued at approximately $1,528,096.04. The trade was a 44.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward Joseph Schreyer sold 2,900 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.70, for a total value of $193,430.00. Following the sale, the executive vice president owned 18,434 shares of the company’s stock, valued at approximately $1,229,547.80. This trade represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

TFIN has been the topic of several recent analyst reports. Stephens increased their target price on Triumph Financial from $82.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on Triumph Financial from $78.00 to $88.00 and gave the company a “market perform” rating in a report on Thursday. B. Riley Financial increased their price objective on Triumph Financial from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Triumph Financial in a report on Tuesday, May 12th. Finally, DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Triumph Financial in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Triumph Financial has a consensus rating of “Hold” and an average target price of $79.50.

Triumph Financial Trading Down 3.8%

Shares of TFIN stock opened at $76.89 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. Triumph Financial, Inc. has a 12-month low of $46.43 and a 12-month high of $83.52. The stock has a market capitalization of $1.84 billion, a P/E ratio of 51.95 and a beta of 1.39. The firm’s 50 day moving average is $73.92 and its 200 day moving average is $66.95.

Triumph Financial (NYSE:TFIN) last announced its earnings results on Tuesday, July 21st. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $120.24 million during the quarter, compared to analyst estimates of $114.67 million. Triumph Financial had a net margin of 7.17% and a return on equity of 4.69%. Research analysts expect that Triumph Financial, Inc. will post 1.85 earnings per share for the current year.

Triumph Financial Company Profile

Triumph Financial, Inc (NYSE: TFIN) is a financial holding company that operates through its banking subsidiary to provide commercial banking and related financial services. The company focuses on delivering deposit, lending and payment solutions customary to community-oriented banks and regional financial institutions.

Products and services typically offered include commercial and consumer lending, residential mortgage origination and servicing, deposit accounts, cash management and treasury services, and other fee-based banking products.