November 18, 2016 - By Ruchi Gupta · 0 Comments
The stock of Trimas Corporation (NASDAQ:TRS) registered an increase of 0.69% in short interest. TRS’s total short interest was 1.26 million shares in November as published by FINRA. Its up 0.69% from 1.25M shares, reported previously. With 177,200 shares average volume, it will take short sellers 7 days to cover their TRS’s short positions. The stock increased 1.19% or $0.25 during the last trading session, hitting $21.2. TriMas Corp (NASDAQ:TRS) has risen 18.77% since April 18, 2016 and is uptrending. It has outperformed by 14.34% the S&P500.
TriMas Corporation is a designer, manufacturer and distributor of engineered and applied products for commercial, industrial and consumer markets. The company has a market cap of $960.04 million. The Firm operates through four divisions: Packaging, Aerospace, Energy and Engineered Components. It currently has negative earnings. The Packaging segment is a designer, maker and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.40, from 1.35 in 2016Q1. The ratio fall, as 5 funds sold all TriMas Corp shares owned while 41 reduced positions. 17 funds bought stakes while 45 increased positions. They now own 45.48 million shares or 0.89% less from 45.89 million shares in 2016Q1.
Bnp Paribas Arbitrage has invested 0% of its portfolio in TriMas Corp (NASDAQ:TRS). Great West Life Assurance Can holds 0% or 3,167 shares in its portfolio. Manufacturers Life Insur The accumulated 0% or 31,179 shares. Moreover, Cardinal Capital Limited Liability Co Ct has 1.5% invested in TriMas Corp (NASDAQ:TRS) for 1.68 million shares. Metropolitan Life Ins Comm Ny holds 0% of its portfolio in TriMas Corp (NASDAQ:TRS) for 32,928 shares. Weber Alan W holds 22,277 shares or 0.28% of its portfolio. The Wisconsin-based Fiduciary Wi has invested 0.27% in TriMas Corp (NASDAQ:TRS). Glenmede Na reported 175 shares or 0% of all its holdings. Moreover, Geode Mngmt Lc has 0% invested in TriMas Corp (NASDAQ:TRS) for 326,757 shares. Brandywine Mgmt Lc holds 0.02% or 125,678 shares in its portfolio. California Employees Retirement System accumulated 232,800 shares or 0.01% of the stock. Dimensional Fund Advsrs Limited Partnership reported 2.14 million shares or 0.02% of all its holdings. Panagora Asset Mngmt last reported 0% of its portfolio in the stock. Wells Fargo Mn has 0% invested in the company for 35,717 shares. The New York-based Brant Point Mgmt Limited Liability Com has invested 0.27% in TriMas Corp (NASDAQ:TRS).
Insider Transactions: Since August 4, 2016, the stock had 3 insider buys, and 0 sales for $216,809 net activity. Another trade for 2,000 shares valued at $35,406 was bought by AMATO THOMAS A.
Out of 4 analysts covering Trimas (NASDAQ:TRS), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Trimas has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Global Hunter Securities downgraded TriMas Corp (NASDAQ:TRS) on Wednesday, August 5 to “” rating. The stock of TriMas Corp (NASDAQ:TRS) has “Neutral” rating given on Wednesday, August 5 by JP Morgan. Roth Capital downgraded TriMas Corp (NASDAQ:TRS) on Wednesday, August 5 to “Neutral” rating. The firm has “Overweight” rating by JP Morgan given on Tuesday, September 27. On Wednesday, August 5 the stock rating was downgraded by TH Capital to “Neutral”.
TriMas Corporation (TriMas), incorporated on May 30, 1986, is a designer, maker and distributor of engineered and applied products for commercial, industrial and consumer markets. The Firm operates through four divisions: Packaging, Aerospace, Energy and Engineered Components.
More recent TriMas Corp (NASDAQ:TRS) news were published by: Marketwatch.com which released: “TriMas upgraded to overweight from neutral at JP Morgan” on November 16, 2009. Also Crainsdetroit.com published the news titled: “TriMas replaces CEO David Wathen amid sales declines” on July 28, 2016. Crainsdetroit.com‘s news article titled: “TriMas Corp. names David Rice CFO of spinoff Cequent” with publication date: February 15, 2015 was also an interesting one.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta