EntryPoint Capital LLC Reduces Stock Position in TriMas Co. (NASDAQ:TRS)

EntryPoint Capital LLC reduced its holdings in shares of TriMas Co. (NASDAQ:TRS) by 73.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,246 shares of the industrial products company’s stock after selling 8,846 shares during the quarter. EntryPoint Capital LLC’s holdings in TriMas were worth $87,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in TriMas in the 4th quarter worth approximately $205,000. Quantbot Technologies LP raised its position in shares of TriMas by 5.7% during the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock valued at $239,000 after buying an additional 478 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of TriMas by 19.8% during the 4th quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after buying an additional 2,500 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of TriMas by 5.0% during the 4th quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock valued at $384,000 after buying an additional 716 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of TriMas during the 4th quarter valued at $396,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

TriMas Trading Up 1.6 %

Shares of TRS stock traded up $0.44 on Friday, hitting $27.48. 76,775 shares of the company’s stock traded hands, compared to its average volume of 210,769. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.73. TriMas Co. has a one year low of $22.59 and a one year high of $28.26. The company’s fifty day simple moving average is $26.20 and its 200 day simple moving average is $25.70. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 27.88 and a beta of 0.67.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company had revenue of $227.10 million for the quarter, compared to analyst estimates of $220.60 million. During the same quarter last year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that TriMas Co. will post 2.03 EPS for the current year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, August 6th. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, May 1st.

Insiders Place Their Bets

In other news, Director Herbert K. Parker purchased 1,500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $26.34 per share, with a total value of $39,510.00. Following the acquisition, the director now directly owns 33,057 shares in the company, valued at $870,721.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Herbert K. Parker bought 6,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $26.27 per share, with a total value of $157,620.00. Following the transaction, the director now owns 51,157 shares in the company, valued at approximately $1,343,894.39. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Herbert K. Parker bought 1,500 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $26.34 per share, with a total value of $39,510.00. Following the completion of the transaction, the director now owns 33,057 shares in the company, valued at approximately $870,721.38. The disclosure for this purchase can be found here. Insiders have bought a total of 14,681 shares of company stock valued at $387,053 in the last quarter. Insiders own 1.10% of the company’s stock.

TriMas Company 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.