Trecora Resources (NYSE:TREC – Get Rating) major shareholder Advisors L.P. Ortelius sold 2,674,483 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $9.72, for a total transaction of $25,995,974.76. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $1,944. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
NYSE:TREC traded down $0.01 during midday trading on Wednesday, reaching $9.73. The stock had a trading volume of 441,605 shares, compared to its average volume of 133,335. Trecora Resources has a 1-year low of $7.46 and a 1-year high of $9.79. The firm’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $8.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.26 and a quick ratio of 2.51. The stock has a market capitalization of $230.12 million, a P/E ratio of 27.06 and a beta of 0.33.
Trecora Resources (NYSE:TREC – Get Rating) last posted its quarterly earnings results on Tuesday, March 8th. The basic materials company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $74.62 million for the quarter. Trecora Resources had a net margin of 2.98% and a return on equity of 4.50%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its position in Trecora Resources by 1,795.3% in the 2nd quarter. Morgan Stanley now owns 3,639 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 3,447 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Trecora Resources in the 4th quarter worth $81,000. PEAK6 Investments LLC acquired a new stake in Trecora Resources in the 3rd quarter worth $89,000. Advisor Group Holdings Inc. grew its position in Trecora Resources by 60.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 13,695 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 5,144 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Trecora Resources by 20.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,936 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 3,208 shares during the last quarter. Institutional investors own 56.16% of the company’s stock.
Trecora Resources Company Profile (Get Rating)
Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.
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