TriMas Co. (NASDAQ:TRS) Short Interest Update

TriMas Co. (NASDAQ:TRS) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 248,800 shares, an increase of 29.5% from the March 15th total of 192,100 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 226,300 shares, the short-interest ratio is currently 1.1 days.

Insider Activity

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the transaction, the chief executive officer now owns 286,168 shares in the company, valued at $6,759,288.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On TriMas

Several institutional investors have recently made changes to their positions in TRS. Quarry LP bought a new position in shares of TriMas during the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its position in shares of TriMas by 90.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,144 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 544 shares during the period. UBS Group AG boosted its holdings in TriMas by 80.9% in the 3rd quarter. UBS Group AG now owns 3,614 shares of the industrial products company’s stock worth $91,000 after buying an additional 1,616 shares during the period. PNC Financial Services Group Inc. boosted its holdings in 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 worth $94,000 after buying an additional 1,880 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in TriMas in the 4th quarter worth approximately $134,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Stock Down 1.8 %

Shares of NASDAQ:TRS opened at $25.35 on Monday. The company has a fifty day moving average of $25.31 and a 200-day moving average of $24.95. The company has a market capitalization of $1.03 billion, a PE ratio of 26.13 and a beta of 0.71. 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 52-week low of $22.59 and a 52-week high of $29.07.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results 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 analyst estimates of $246.44 million. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities analysts predict that TriMas will post 1.94 EPS for the current fiscal year.

TriMas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. TriMas’s dividend payout ratio is currently 16.49%.

About TriMas

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.