GSA Capital Partners LLP grew its stake in shares of TriMas Corporation (NASDAQ:TRS) by 30.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,019 shares of the industrial products company’s stock after buying an additional 20,642 shares during the period. GSA Capital Partners LLP owned 0.19% of TriMas worth $2,377,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Credit Suisse AG increased its position in shares of TriMas by 12.4% during the first quarter. Credit Suisse AG now owns 48,151 shares of the industrial products company’s stock valued at $999,000 after buying an additional 5,315 shares during the period. Royce & Associates LP increased its position in shares of TriMas by 372.3% during the second quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock valued at $10,833,000 after buying an additional 409,572 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of TriMas by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 305,019 shares of the industrial products company’s stock valued at $6,360,000 after buying an additional 3,602 shares during the period. AMI Investment Management Inc. increased its position in shares of TriMas by 88.3% in the second quarter. AMI Investment Management Inc. now owns 102,825 shares of the industrial products company’s stock worth $2,144,000 after purchasing an additional 48,225 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of TriMas by 83.0% in the third quarter. American Century Companies Inc. now owns 137,061 shares of the industrial products company’s stock worth $3,701,000 after purchasing an additional 62,175 shares during the last quarter. Hedge funds and other institutional investors own 97.66% of the company’s stock.
In other TriMas news, CFO Robert J. Zalupski sold 2,816 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.94, for a total transaction of $73,047.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Swart sold 1,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $26.57, for a total transaction of $39,855.00. The disclosure for this sale can be found here. Insiders have sold 18,944 shares of company stock worth $486,796 over the last quarter. Company insiders own 1.40% of the company’s stock.
TriMas Corporation (TRS) opened at $26.75 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.33. The firm has a market cap of $1,218.47, a P/E ratio of 19.17, a P/E/G ratio of 2.93 and a beta of 2.05. TriMas Corporation has a 52-week low of $19.75 and a 52-week high of $28.85.
TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $208.89 million. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. TriMas’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. analysts anticipate that TriMas Corporation will post 1.4 EPS for the current year.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of TriMas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Seaport Global Securities cut shares of TriMas from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. TriMas has a consensus rating of “Hold” and an average price target of $25.25.
TriMas Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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