Kennedy Capital Management Inc. raised its position in Trecora Resources (NYSE:TREC) by 33.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 191,759 shares of the basic materials company’s stock after acquiring an additional 48,129 shares during the period. Kennedy Capital Management Inc. owned approximately 0.79% of Trecora Resources worth $2,589,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TREC. Luzich Partners LLC increased its holdings in shares of Trecora Resources by 10.0% in the 3rd quarter. Luzich Partners LLC now owns 1,105,494 shares of the basic materials company’s stock valued at $14,703,000 after purchasing an additional 100,195 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Trecora Resources by 1.8% in the 4th quarter. BlackRock Inc. now owns 960,047 shares of the basic materials company’s stock valued at $12,961,000 after purchasing an additional 16,529 shares in the last quarter. State Street Corp increased its holdings in shares of Trecora Resources by 8.8% in the 2nd quarter. State Street Corp now owns 349,586 shares of the basic materials company’s stock valued at $3,933,000 after purchasing an additional 28,253 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Trecora Resources by 23.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 176,834 shares of the basic materials company’s stock valued at $2,352,000 after purchasing an additional 33,774 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA purchased a new position in shares of Trecora Resources in the 4th quarter valued at about $1,817,000. Institutional investors own 44.70% of the company’s stock.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 31,463 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.23, for a total transaction of $416,255.49. Following the completion of the transaction, the insider now directly owns 3,204,906 shares in the company, valued at approximately $42,400,906.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 134,553 shares of company stock valued at $1,711,078 over the last 90 days. 6.60% of the stock is currently owned by insiders.
Trecora Resources (NYSE TREC) opened at $13.70 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 1.21 and a debt-to-equity ratio of 0.48. Trecora Resources has a twelve month low of $10.13 and a twelve month high of $14.30. The firm has a market cap of $332.99, a PE ratio of 19.03 and a beta of 1.60.
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Trecora Resources Company Profile
Trecora Resources (TREC) is a provider of high-purity specialty hydrocarbons and waxes. TREC owns and operates a facility located in southeast Texas, just north of Beaumont, which specializes in high-purity hydrocarbons and other petrochemical manufacturing. The Company operates through two segments: specialty petrochemical products and specialty synthetic waxes.
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