Stadium Capital Management LLC Has $9.78 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

Stadium Capital Management LLC boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 821.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,823 shares of the business services provider’s stock after purchasing an additional 89,885 shares during the quarter. TriNet Group comprises approximately 7.4% of Stadium Capital Management LLC’s holdings, making the stock its 4th largest position. Stadium Capital Management LLC’s holdings in TriNet Group were worth $9,777,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of TriNet Group in the 3rd quarter worth approximately $275,000. Quantinno Capital Management LP lifted its position in shares of TriNet Group by 17.2% in the 3rd quarter. Quantinno Capital Management LP now owns 3,118 shares of the business services provider’s stock worth $302,000 after acquiring an additional 458 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of TriNet Group by 1.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 226,619 shares of the business services provider’s stock worth $21,919,000 after acquiring an additional 2,633 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after acquiring an additional 162,578 shares during the period. Finally, Simcoe Capital Management LLC bought a new stake in shares of TriNet Group in the 3rd quarter worth approximately $16,966,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Up 1.3 %

Shares of TNET opened at $93.91 on Thursday. The stock has a fifty day moving average price of $92.84 and a two-hundred day moving average price of $98.27. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 18.09 and a beta of 1.21.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.06%. TriNet Group’s payout ratio is 19.27%.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total value of $168,137.62. Following the sale, the chief technology officer now owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. The trade was a 4.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,533 shares of company stock worth $418,629. 37.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, TriNet Group has a consensus rating of “Hold” and a consensus target price of $117.00.

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.