TriNet Group Inc (NYSE:TNET) Short Interest Update

TriNet Group Inc (NYSE:TNET) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 897,100 shares, a decrease of 17.8% from the May 30th total of 1,091,600 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 296,200 shares, the short-interest ratio is currently 3.0 days.

In other news, CEO Burton M. Goldfield sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $67.86, for a total value of $407,160.00. Following the sale, the chief executive officer now directly owns 319,973 shares in the company, valued at approximately $21,713,367.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Edward Griese sold 482 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $63.50, for a total transaction of $30,607.00. Following the completion of the sale, the vice president now owns 67,673 shares in the company, valued at $4,297,235.50. The disclosure for this sale can be found here. Insiders have sold 236,846 shares of company stock worth $15,279,492 over the last quarter. Corporate insiders own 37.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC increased its stake in shares of TriNet Group by 98.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 7,450 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 3,703 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of TriNet Group by 43.3% in the 2nd quarter. WINTON GROUP Ltd now owns 8,985 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 2,717 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of TriNet Group by 12,851.1% in the 1st quarter. Marshall Wace North America L.P. now owns 162,925 shares of the business services provider’s stock valued at $9,733,000 after acquiring an additional 161,667 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of TriNet Group in the 1st quarter valued at $4,223,000. Finally, Hilton Capital Management LLC bought a new stake in shares of TriNet Group in the 1st quarter valued at $79,000. Institutional investors and hedge funds own 86.72% of the company’s stock.

NYSE:TNET opened at $71.42 on Friday. The stock’s 50 day simple moving average is $67.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. TriNet Group has a one year low of $38.74 and a one year high of $71.74. The firm has a market cap of $5.00 billion, a P/E ratio of 26.45 and a beta of 1.89.

TriNet Group (NYSE:TNET) last posted its earnings results on Monday, April 29th. The business services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $233.65 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts predict that TriNet Group will post 2.92 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $58.63.

About TriNet Group

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.

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