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Investors who take an interest in Triumph Financial, Inc. (NASDAQ:TFIN) should definitely note that the Independent Director, Harrison Barnes, recently paid US$47.93 per share to buy US$479k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 41%.
See our latest analysis for Triumph Financial
The Last 12 Months Of Insider Transactions At Triumph Financial
The Independent Chairman Carlos Sepulveda made the biggest insider purchase in the last 12 months. That single transaction was for US$2.6m worth of shares at a price of US$54.47 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$48.39). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 95.44k shares for US$5.2m. But they sold 36.50k shares for US$2.0m. Overall, Triumph Financial insiders were net buyers during the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Triumph Financial is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Triumph Financial Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 6.4% of Triumph Financial shares, worth about US$72m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Triumph Financial Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Triumph Financial shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Triumph Financial. For example - Triumph Financial has 1 warning sign we think you should be aware of.