Dimensional Fund Advisors LP Buys 120,888 Shares of Trio-Tech International $TRT

Key Points

• Dimensional Fund Advisors nearly doubled its Trio-Tech International position, buying 120,888 additional shares to own 243,724 shares, or 2.72% of the company valued at approximately $1.41 million.
• Institutional investors and hedge funds own 16.03% of Trio-Tech, while Trio-Tech shares recently opened at $11.46, with a market capitalization of $115.89 million and a 52-week range of $2.56 to $21.38.
• Insiders sold 122,475 shares worth about $2.12 million during the last quarter, including significant sales by directors Richard Horowitz and Jason Adelman; corporate insiders still own 39.50% of the company.

Dimensional Fund Advisors LP increased its position in shares of Trio-Tech International (NYSE:TRT - Free Report) by 98.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,724 shares of the company's stock after buying an additional 120,888 shares during the period. Dimensional Fund Advisors LP owned 2.72% of Trio-Tech International worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Trio-Tech International by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company's stock worth $374,000 after purchasing an additional 3,164 shares during the period. Essex Investment Management Co. LLC bought a new position in Trio-Tech International in the fourth quarter valued at about $208,000. Finally, James Investment Research Inc. increased its position in Trio-Tech International by 100.0% during the 1st quarter. James Investment Research Inc. now owns 24,016 shares of the company's stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

Trio-Tech International Price Performance

TRT stock opened at $11.46 on Friday. The company has a market capitalization of $115.89 million, a P/E ratio of 81.86 and a beta of 1.96. Trio-Tech International has a 52-week low of $2.56 and a 52-week high of $21.38. The company has a fifty day moving average price of $11.09 and a 200-day moving average price of $9.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Insiders Place Their Bets

In other Trio-Tech International news, Director Richard M. Horowitz sold 67,500 shares of the firm's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $18.10, for a total value of $1,221,750.00. Following the transaction, the director directly owned 664,784 shares of the company's stock, valued at approximately $12,032,590.40. This trade represents a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason T. Adelman sold 35,000 shares of Trio-Tech International stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $17.39, for a total value of $608,650.00. Following the transaction, the director owned 54,975 shares of the company's stock, valued at $956,015.25. This trade represents a 38.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 122,475 shares of company stock worth $2,119,100 in the last quarter. 39.50% of the stock is owned by corporate insiders.

Trio-Tech International Profile

Trio-Tech International, Inc, headquartered in Hackensack, New Jersey, is a publicly traded provider of electronic manufacturing services (EMS) and LED‐based technology solutions. Founded in 1986, the company offers turnkey design, engineering, prototyping, assembly and supply chain management services to customers across a range of end markets, including industrial controls, telecommunications, medical equipment and instrumentation.

Within its EMS segment, Trio-Tech delivers printed circuit board assembly (including surface‐mount, through‐hole and mixed-technology boards), box-build and system integration, cable harness design and manufacturing, conformal coating and testing.

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