Sagard Capital Partners Management Corp buys $22.3 Million stake in TriMas Corp (TRS)

TriMas Corp (TRS) : Sagard Capital Partners Management Corp scooped up 98,100 additional shares in TriMas Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,360,515 shares of TriMas Corp which is valued at $22.3 Million.TriMas Corp makes up approximately 8.57% of Sagard Capital Partners Management Corp’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P added TRS to its portfolio by purchasing 16,217 company shares during the most recent quarter which is valued at $265,634. TriMas Corp makes up approx 0.01% of Hbk Investments L P’s portfolio.Great Lakes Advisors boosted its stake in TRS in the latest quarter, The investment management firm added 4,756 additional shares and now holds a total of 270,947 shares of TriMas Corp which is valued at $4.4 Million. TriMas Corp makes up approx 0.12% of Great Lakes Advisors’s portfolio. Nisa Investment Advisors L.l.c. added TRS to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $12,670.

TriMas Corp opened for trading at $17.08 and hit $17.42 on the upside on Wednesday, eventually ending the session at $17.35, with a gain of 2.18% or 0.37 points. The heightened volatility saw the trading volume jump to 1,62,831 shares. Company has a market cap of $789 M.

On the company’s financial health, TriMas Corp reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $202.90 million for the quarter, compared to analysts expectations of $202.19 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

TriMas Corporation (TriMas) is a designer manufacturer and distributor of engineered and applied products for commercial industrial and consumer markets. The Company operates through four segments: Packaging Energy Aerospace and Engineered Components. Its Packaging segment is a designer manufacturer and distributor of engineered closure and dispensing systems for steel and plastic industrial and consumer packaging applications. Its Energy segment is a manufacturer and distributor of metallic and non-metallic gaskets bolts industrial fasteners and specialty products for the petroleum refining petrochemical oil field and industrial markets. Its Aerospace segment is a designer and manufacturer of a range of products for use in the aerospace industry. Its Engineered Components is a designer manufacturer and distributor of natural gas powered engines and parts and high-pressure and low-pressure steel cylinders for the transportation storage and dispensing of compressed gases.

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