GSA Capital Partners LLP Has $718,000 Stake in TriMas Co. (NASDAQ:TRS)

GSA Capital Partners LLP lowered its stake in shares of TriMas Co. (NASDAQ:TRS) by 16.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,110 shares of the industrial products company’s stock after selling 5,543 shares during the quarter. GSA Capital Partners LLP’s holdings in TriMas were worth $718,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of TriMas by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company’s stock worth $80,298,000 after purchasing an additional 51,701 shares in the last quarter. Quest Partners LLC grew its stake in TriMas by 275.2% during the second quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company’s stock worth $850,000 after buying an additional 24,400 shares in the last quarter. Impax Asset Management Group plc increased its holdings in TriMas by 216.4% in the 3rd quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock valued at $10,467,000 after buying an additional 280,431 shares during the period. American Century Companies Inc. raised its position in shares of TriMas by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company’s stock valued at $1,674,000 after buying an additional 7,304 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of TriMas by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock worth $116,503,000 after acquiring an additional 100,068 shares during the period. Institutional investors own 99.42% of the company’s stock.

TriMas Trading Down 0.2 %

Shares of TriMas stock opened at $25.54 on Monday. The firm’s 50 day moving average is $26.15 and its 200 day moving average is $25.86. The firm has a market capitalization of $1.04 billion, a PE ratio of 39.91 and a beta of 0.66. TriMas Co. has a 1 year low of $22.45 and a 1 year high of $28.51. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.

TriMas (NASDAQ:TRS) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. During the same period in the previous year, the firm posted $0.57 EPS. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that TriMas Co. will post 1.74 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Tuesday, November 5th. TriMas’s payout ratio is 25.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TRS shares. BWS Financial restated a “buy” rating and set a $40.00 price objective on shares of TriMas in a research report on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.