Trecora Resources (NYSE:TREC) Shares Sold by Ridgewood Investments LLC

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Ridgewood Investments LLC trimmed its holdings in Trecora Resources (NYSE:TREC) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,000 shares of the basic materials company’s stock after selling 2,505 shares during the period. Ridgewood Investments LLC owned 0.09% of Trecora Resources worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Trecora Resources by 7.5% in the second quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock valued at $10,771,000 after purchasing an additional 78,620 shares during the period. Vanguard Group Inc. grew its holdings in shares of Trecora Resources by 2.5% in the second quarter. Vanguard Group Inc. now owns 988,036 shares of the basic materials company’s stock valued at $9,456,000 after purchasing an additional 24,241 shares during the period. State Street Corp grew its holdings in shares of Trecora Resources by 1.2% in the third quarter. State Street Corp now owns 398,427 shares of the basic materials company’s stock valued at $3,594,000 after purchasing an additional 4,839 shares during the period. Uniplan Investment Counsel Inc. grew its holdings in shares of Trecora Resources by 41.3% in the second quarter. Uniplan Investment Counsel Inc. now owns 302,833 shares of the basic materials company’s stock valued at $2,898,000 after purchasing an additional 88,510 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Trecora Resources by 3.4% in the second quarter. Northern Trust Corp now owns 255,488 shares of the basic materials company’s stock valued at $2,445,000 after purchasing an additional 8,470 shares during the period. Institutional investors and hedge funds own 49.12% of the company’s stock.

Shares of TREC opened at $7.23 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.80 and a debt-to-equity ratio of 0.50. Trecora Resources has a 12-month low of $7.01 and a 12-month high of $10.54. The firm has a 50-day moving average price of $7.39 and a 200 day moving average price of $8.58. The firm has a market capitalization of $181.69 million, a P/E ratio of 80.00 and a beta of 1.19.

Trecora Resources (NYSE:TREC) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $62.72 million during the quarter, compared to analyst estimates of $69.00 million. Trecora Resources had a negative net margin of 0.20% and a positive return on equity of 1.38%. Equities research analysts predict that Trecora Resources will post 0.22 earnings per share for the current fiscal year.

Separately, ValuEngine lowered shares of Trecora Resources from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Trecora Resources Company Profile

Trecora Resources manufactures and sells various specialty petrochemical products and synthetic waxes in the United States. The company operates in two segments, Petrochemical and Specialty Waxes. The Petrochemical segment offers hydrocarbons and other petroleum based products, including isopentane, normal pentane, isohexane, and hexane for use in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, and crude oil from the Canadian tar sands, as well as in the catalyst support industry.

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Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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