30,101 Shares in TriMas Co. (NASDAQ:TRS) Bought by Shay Capital LLC

Shay Capital LLC acquired a new stake in shares of TriMas Co. (NASDAQ:TRS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,101 shares of the industrial products company’s stock, valued at approximately $740,000. Shay Capital LLC owned about 0.07% of TriMas as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sterling Capital Management LLC lifted its holdings in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,158 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in TriMas during the fourth quarter valued at approximately $202,000. ProShare Advisors LLC bought a new stake in shares of TriMas in the 4th quarter valued at approximately $281,000. Quantbot Technologies LP boosted its holdings in shares of TriMas by 203.5% in the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 8,031 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of TriMas during the 4th quarter valued at approximately $359,000. 99.42% of the stock is owned by hedge funds and other institutional investors.

TriMas Stock Performance

Shares of NASDAQ:TRS opened at $24.73 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 38.64 and a beta of 0.58. TriMas Co. has a 12 month low of $19.33 and a 12 month high of $28.51. The firm’s 50-day moving average is $22.87 and its 200 day moving average is $24.11.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm had revenue of $241.67 million during the quarter, compared to analyst estimates of $235.41 million. During the same period last year, the company earned $0.37 EPS. TriMas’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts predict that TriMas Co. will post 1.69 EPS for the current year.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, May 6th. TriMas’s dividend payout ratio is presently 20.78%.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research report on Wednesday, April 30th.

Insider Buying and Selling

In other news, Director Shawn Sedaghat bought 123,388 shares of the firm’s stock in a transaction on Wednesday, April 30th. The stock was acquired at an average cost of $23.83 per share, with a total value of $2,940,336.04. Following the transaction, the director now directly owns 1,024,362 shares in the company, valued at approximately $24,410,546.46. This trade represents a 13.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Fielkow bought 2,500 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $20.78 per share, with a total value of $51,950.00. Following the completion of the acquisition, the director now directly owns 11,013 shares in the company, valued at approximately $228,850.14. This trade represents a 29.37% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 929,729 shares of company stock valued at $22,280,897 in the last 90 days. Company insiders own 14.20% of the company’s stock.

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.