Paloma Partners Management Co Takes $293,000 Position in TriMas Co. (NASDAQ:TRS)

Paloma Partners Management Co bought a new stake in TriMas Co. (NASDAQ:TRS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,489 shares of the industrial products company’s stock, valued at approximately $293,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of TriMas during the 2nd quarter worth approximately $26,000. Aristides Capital LLC acquired a new stake in TriMas during the 2nd quarter valued at $245,000. Intech Investment Management LLC bought a new position in TriMas during the third quarter worth $269,000. Algert Global LLC increased its holdings in shares of TriMas by 4.2% in the second quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 639 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of TriMas by 17.4% in the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock valued at $412,000 after purchasing an additional 2,389 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

TriMas Trading Down 1.0 %

TRS stock opened at $26.33 on Friday. TriMas Co. has a 52 week low of $22.45 and a 52 week 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 company’s 50-day simple moving average is $26.53 and its 200 day simple moving average is $25.83. The company has a market capitalization of $1.07 billion, a PE ratio of 41.14 and a beta of 0.66.

TriMas (NASDAQ:TRS) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The business had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. As a group, sell-side analysts anticipate that TriMas Co. will post 1.69 earnings per share for the current year.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is currently 25.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.