Advantage Alpha Capital Partners LP Has $3.64 Million Position in TriNet Group, Inc. (NYSE:TNET)

Advantage Alpha Capital Partners LP trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 45.7% during the fourth quarter, HoldingsChannel reports. The firm owned 40,136 shares of the business services provider’s stock after selling 33,846 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in TriNet Group were worth $3,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TNET. TD Private Client Wealth LLC raised its holdings in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after acquiring an additional 121 shares during the period. Avion Wealth lifted its holdings in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after buying an additional 169 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock valued at $702,000 after buying an additional 196 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TNET. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Price Performance

Shares of TNET opened at $76.67 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company’s fifty day simple moving average is $82.68 and its 200 day simple moving average is $89.34. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 22.42 and a beta of 1.26.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio is 32.16%.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock valued at $833,436 in the last quarter. 37.10% of the stock is currently owned by insiders.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.