Perritt Capital Management Inc buys $6,044,344 stake in Triumph Bancorp Inc (TBK)

Triumph Bancorp Inc (TBK) : Perritt Capital Management Inc scooped up 400 additional shares in Triumph Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 280,480 shares of Triumph Bancorp Inc which is valued at $6,044,344.Triumph Bancorp Inc makes up approximately 1.50% of Perritt Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp reduced its stake in TBK by selling 4,400 shares or 19.21% in the most recent quarter. The Hedge Fund company now holds 18,500 shares of TBK which is valued at $398,675. Triumph Bancorp Inc makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Alliancebernstein boosted its stake in TBK in the latest quarter, The investment management firm added 113,372 additional shares and now holds a total of 237,922 shares of Triumph Bancorp Inc which is valued at $4,687,063.Blackrock Institutional Trust Company N.a. boosted its stake in TBK in the latest quarter, The investment management firm added 16,051 additional shares and now holds a total of 198,865 shares of Triumph Bancorp Inc which is valued at $3,679,003.Blackrock Fund Advisors boosted its stake in TBK in the latest quarter, The investment management firm added 34,072 additional shares and now holds a total of 435,366 shares of Triumph Bancorp Inc which is valued at $8,054,271.Strs Ohio reduced its stake in TBK by selling 700 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 19,000 shares of TBK which is valued at $356,820.

Triumph Bancorp Inc opened for trading at $21.55 and hit $21.7 on the upside on Monday, eventually ending the session at $21.55, with a gain of 0.47% or 0.1 points. The heightened volatility saw the trading volume jump to 32,594 shares. Company has a market cap of $390 M.

Triumph Bancorp Inc. is a financial holding company. Through its two wholly owned bank subsidiaries Triumph Savings Bank SSB and Triumph Community Bank N.A. the Company offers traditional banking services as well as commercial finance products to businesses that require financial solutions. The Company operates in three business segments: Factoring Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services. The Banking segment includes the operations of Triumph Savings Bank and Triumph Community Bank. The Banking segment also includes certain factored receivables which are purchased by Triumph Savings Bank under its Triumph Commercial Finance brand. Corporate includes holding company financing and investment activities management and administrative expenses to support the overall operations of the Company and the asset management operations of Triumph Capital Advisors.

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