Bares Capital Management Inc. Sells 251,476 Shares of Triumph Financial, Inc. (NASDAQ:TFIN)

Bares Capital Management Inc. lessened its holdings in shares of Triumph Financial, Inc. (NASDAQ:TFIN) by 98.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,759 shares of the company’s stock after selling 251,476 shares during the period. Triumph Financial makes up 0.0% of Bares Capital Management Inc.’s portfolio, making the stock its 19th biggest position. Bares Capital Management Inc.’s holdings in Triumph Financial were worth $379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Triumph Financial by 122.7% in the third quarter. Blue Trust Inc. now owns 470 shares of the company’s stock valued at $38,000 after buying an additional 259 shares during the period. Quantbot Technologies LP acquired a new position in Triumph Financial in the 3rd quarter worth $49,000. KBC Group NV boosted its stake in Triumph Financial by 46.4% in the 3rd quarter. KBC Group NV now owns 798 shares of the company’s stock worth $63,000 after purchasing an additional 253 shares during the period. nVerses Capital LLC increased its holdings in Triumph Financial by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 900 shares of the company’s stock worth $74,000 after purchasing an additional 600 shares in the last quarter. Finally, Profund Advisors LLC acquired a new stake in shares of Triumph Financial in the 2nd quarter valued at about $209,000. 91.11% of the stock is currently owned by institutional investors and hedge funds.

Triumph Financial Stock Performance

NASDAQ:TFIN opened at $101.81 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Triumph Financial, Inc. has a fifty-two week low of $66.85 and a fifty-two week high of $110.58. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 130.53 and a beta of 1.21. The stock has a fifty day moving average price of $92.76 and a 200-day moving average price of $85.22.

Triumph Financial (NASDAQ:TFIN) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $125.57 million during the quarter, compared to the consensus estimate of $106.29 million. Triumph Financial had a return on equity of 2.64% and a net margin of 4.47%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities analysts anticipate that Triumph Financial, Inc. will post 0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Financial news, CEO Aaron P. Graft sold 13,500 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $106.36, for a total value of $1,435,860.00. Following the sale, the chief executive officer now owns 151,533 shares of the company’s stock, valued at approximately $16,117,049.88. This trade represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective on shares of Triumph Financial in a research report on Wednesday, October 2nd. DA Davidson boosted their price target on Triumph Financial from $74.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.60.

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.