Dark Forest Capital Management LP Has $235,000 Stock Holdings in TriMas Co. (NASDAQ:TRS)

Dark Forest Capital Management LP trimmed its stake in shares of TriMas Co. (NASDAQ:TRS) by 35.0% during the second quarter, Holdings Channel reports. The firm owned 9,212 shares of the industrial products company’s stock after selling 4,952 shares during the period. Dark Forest Capital Management LP’s holdings in TriMas were worth $235,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in TriMas in the 2nd quarter valued at $26,000. Quantbot Technologies LP grew its holdings in shares of TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after purchasing an additional 478 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TriMas by 79.8% in the 1st quarter. BNP Paribas Financial Markets now owns 20,225 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 8,978 shares during the last quarter. Diversified Trust Co increased its position in shares of TriMas by 32.7% during the 1st quarter. Diversified Trust Co now owns 21,647 shares of the industrial products company’s stock worth $579,000 after purchasing an additional 5,333 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in TriMas by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 1,478 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

TriMas Trading Up 0.7 %

TRS stock opened at $25.56 on Monday. The business has a fifty day moving average price of $24.91 and a 200 day moving average price of $25.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. TriMas Co. has a fifty-two week low of $22.45 and a fifty-two week high of $27.89. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.35 and a beta of 0.68.

TriMas (NASDAQ:TRS) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TriMas had a net margin of 4.44% and a return on equity of 9.61%. The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $238.63 million. During the same quarter last year, the business posted $0.50 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Analysts expect that TriMas Co. will post 1.76 EPS for the current fiscal year.

TriMas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. TriMas’s payout ratio is 16.49%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and set a $40.00 price objective on shares of TriMas in a research note on Wednesday, July 31st.

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.