GAMMA Investing LLC Has $350,000 Holdings in TriMas Corporation (NASDAQ:TRS)

GAMMA Investing LLC boosted its holdings in shares of TriMas Corporation (NASDAQ:TRS) by 3,802.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,948 shares of the industrial products company’s stock after buying an additional 14,565 shares during the quarter. GAMMA Investing LLC’s holdings in TriMas were worth $350,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TRS. Sterling Capital Management LLC boosted its holdings in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,158 shares during the period. State of Wyoming bought a new position in TriMas in the 4th quarter worth $50,000. KLP Kapitalforvaltning AS acquired a new position in TriMas during the 4th quarter worth $202,000. ProShare Advisors LLC bought a new stake in TriMas during the fourth quarter valued at about $281,000. Finally, Quantbot Technologies LP grew its position in shares of TriMas by 203.5% in the fourth quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 8,031 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

Insider Transactions at TriMas

In other TriMas news, Director Shawn Sedaghat purchased 72,937 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $26.16 per share, with a total value of $1,908,031.92. Following the completion of the transaction, the director now directly owns 1,883,758 shares of the company’s stock, valued at approximately $49,279,109.28. This trade represents a 4.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adrianne Shapira purchased 1,200 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were acquired at an average price of $26.31 per share, with a total value of $31,572.00. Following the purchase, the director now owns 4,476 shares of the company’s stock, valued at approximately $117,763.56. This trade represents a 36.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 971,649 shares of company stock valued at $24,585,343. 14.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on TRS shares. BWS Financial reissued a “buy” rating and set a $40.00 price objective on shares of TriMas in a research report on Wednesday, April 30th. Wall Street Zen raised TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, June 1st.

TriMas Price Performance

NASDAQ:TRS opened at $27.18 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.49. TriMas Corporation has a one year low of $19.33 and a one year high of $28.51. The company has a fifty day moving average price of $24.63 and a 200 day moving average price of $24.07. The stock has a market cap of $1.10 billion, a P/E ratio of 35.30 and a beta of 0.61.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. TriMas had a net margin of 3.36% and a return on equity of 10.54%. The business had revenue of $241.67 million during the quarter, compared to analyst estimates of $235.41 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts anticipate that TriMas Corporation will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. TriMas’s dividend payout ratio is currently 20.78%.

TriMas Profile

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.