Voloridge Investment Management LLC Sells 60,976 Shares of TriMas Co. (NASDAQ:TRS)

Voloridge Investment Management LLC decreased its holdings in TriMas Co. (NASDAQ:TRS - Free Report) by 86.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,524 shares of the industrial products company's stock after selling 60,976 shares during the quarter. Voloridge Investment Management LLC's holdings in TriMas were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Sterling Capital Management LLC lifted its position in TriMas by 815.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,158 shares in the last quarter. State of Wyoming purchased a new position in TriMas in the fourth quarter worth about $50,000. KLP Kapitalforvaltning AS purchased a new stake in TriMas during the 4th quarter valued at $202,000. ProShare Advisors LLC purchased a new stake in TriMas in the 4th quarter worth about $281,000. Finally, Quantbot Technologies LP grew its position in TriMas by 203.5% in the 4th quarter. Quantbot Technologies LP now owns 11,978 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 8,031 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

TriMas Trading Down 2.4%

Shares of NASDAQ TRS traded down $0.63 during trading on Wednesday, hitting $25.74. 192,640 shares of the company were exchanged, compared to its average volume of 334,893. The company has a fifty day moving average price of $23.35 and a 200-day moving average price of $24.03. TriMas Co. has a 12-month low of $19.33 and a 12-month high of $28.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The firm has a market capitalization of $1.05 billion, a PE ratio of 40.22 and a beta of 0.58.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. TriMas had a net margin of 2.93% and a return on equity of 9.21%. The company had revenue of $241.67 million during the quarter, compared to analysts' expectations of $235.41 million. During the same quarter last year, the company posted $0.37 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that TriMas Co. will post 1.69 EPS for the current year.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, May 6th. TriMas's payout ratio is 20.78%.

Analysts Set New Price Targets

TRS has been the topic of a number of recent research reports. BWS Financial reiterated a "buy" rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, April 30th. Wall Street Zen raised shares of TriMas from a "hold" rating to a "buy" rating in a report on Sunday.

Insiders Place Their Bets

In other TriMas news, Director Shawn Sedaghat purchased 72,937 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $26.16 per share, with a total value of $1,908,031.92. Following the purchase, the director now owns 1,883,758 shares in the company, valued at approximately $49,279,109.28. This represents a 4.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Scott A. Mell sold 2,218 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $22.54, for a total value of $49,993.72. Following the completion of the sale, the chief financial officer now directly owns 26,288 shares of the company's stock, valued at $592,531.52. The trade was a 7.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,770,195 shares of company stock worth $43,736,754. Company insiders own 14.20% of the company's stock.

TriMas 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.