Triumph Financial, Inc. (NASDAQ:TFIN) is Luxor Capital Group LP’s 4th Largest Position

Luxor Capital Group LP cut its position in Triumph Financial, Inc. (NASDAQ:TFIN) by 21.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 978,251 shares of the company’s stock after selling 263,552 shares during the quarter. Triumph Financial makes up 5.6% of Luxor Capital Group LP’s investment portfolio, making the stock its 4th biggest holding. Luxor Capital Group LP’s holdings in Triumph Financial were worth $79,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TFIN. nVerses Capital LLC boosted its stake in Triumph Financial by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after buying an additional 600 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Triumph Financial during the fourth quarter worth $75,000. Profund Advisors LLC purchased a new stake in Triumph Financial during the 2nd quarter worth approximately $209,000. Federated Hermes Inc. raised its holdings in Triumph Financial by 8.1% in the second quarter. Federated Hermes Inc. now owns 3,504 shares of the company’s stock valued at $286,000 after acquiring an additional 264 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Triumph Financial during the second quarter worth about $350,000. Institutional investors and hedge funds own 91.11% of the company’s stock.

Triumph Financial Stock Performance

NASDAQ:TFIN opened at $77.19 on Friday. Triumph Financial, Inc. has a 1 year low of $56.91 and a 1 year high of $95.46. The stock has a market capitalization of $1.80 billion, a P/E ratio of 58.92 and a beta of 1.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $83.26 and a 200-day moving average of $78.79.

Triumph Financial (NASDAQ:TFIN) last released its quarterly earnings data on Wednesday, July 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). Triumph Financial had a net margin of 6.05% and a return on equity of 3.57%. The company had revenue of $124.18 million during the quarter, compared to the consensus estimate of $103.43 million. During the same quarter in the prior year, the company posted $0.29 EPS. As a group, sell-side analysts anticipate that Triumph Financial, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity at Triumph Financial

In other Triumph Financial news, EVP Adam D. Nelson sold 4,598 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $87.27, for a total transaction of $401,267.46. Following the completion of the sale, the executive vice president now directly owns 32,285 shares in the company, valued at $2,817,511.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Adam D. Nelson sold 4,598 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $87.27, for a total value of $401,267.46. Following the completion of the transaction, the executive vice president now owns 32,285 shares of the company’s stock, valued at $2,817,511.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Edward Joseph Schreyer sold 6,128 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $81.41, for a total value of $498,880.48. Following the completion of the sale, the chief operating officer now directly owns 39,698 shares in the company, valued at approximately $3,231,814.18. The disclosure for this sale can be found here. Insiders own 6.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on TFIN shares. DA Davidson boosted their target price on shares of Triumph Financial from $68.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods lowered shares of Triumph Financial from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $75.00 to $70.00 in a research report on Friday, July 19th. Piper Sandler boosted their price target on shares of Triumph Financial from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Friday, July 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $74.00 target price on shares of Triumph Financial in a research report on Thursday, July 18th.

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.