Short Interest in TriMas Co. (NASDAQ:TRS) Rises By 22.7%

TriMas Co. (NASDAQ:TRSGet Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 192,100 shares, a growth of 22.7% from the February 29th total of 156,600 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 246,500 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th.

Check Out Our Latest Report on TriMas

Insider Activity at TriMas

In related news, CEO Thomas A. Amato purchased 10,000 shares of TriMas stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $23.62 per share, with a total value of $236,200.00. Following the completion of the transaction, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of TriMas

A number of institutional investors have recently bought and sold shares of TRS. Tower Research Capital LLC TRC increased its position in TriMas by 90.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,144 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 544 shares during the period. Quarry LP bought a new stake in shares of TriMas during the fourth quarter worth $30,000. PNC Financial Services Group Inc. lifted its stake in shares of TriMas by 182.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,912 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 1,880 shares during the last quarter. UBS Group AG grew its position in TriMas by 80.9% during the 3rd quarter. UBS Group AG now owns 3,614 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 1,616 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in TriMas in the 4th quarter worth about $134,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Trading Up 0.9 %

NASDAQ TRS opened at $26.73 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.29 and a current ratio of 2.49. TriMas has a twelve month low of $22.59 and a twelve month high of $29.07. The firm’s 50 day moving average price is $25.07 and its two-hundred day moving average price is $24.84. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 27.56 and a beta of 0.71.

TriMas (NASDAQ:TRSGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). TriMas had a return on equity of 8.85% and a net margin of 4.52%. The company had revenue of $209.60 million for the quarter, compared to the consensus estimate of $246.44 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities analysts anticipate that TriMas will post 1.94 EPS for the current year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Thursday, February 29th. TriMas’s dividend payout ratio is currently 16.49%.

TriMas Company Profile

(Get Free Report)

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.

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