Wilen Investment Management Corp. Lowers stake in TriMas Corp (TRS)

TriMas Corp (TRS) : Wilen Investment Management Corp. reduced its stake in TriMas Corp by 1.12% during the most recent quarter end. The investment management company now holds a total of 17,650 shares of TriMas Corp which is valued at $311,699 after selling 200 shares in TriMas Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.TriMas Corp makes up approximately 0.19% of Wilen Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in TRS by selling 1,300 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 94,617 shares of TRS which is valued at $1,670,936.Msi Financial Services Inc reduced its stake in TRS by selling 50 shares or 9.29% in the most recent quarter. The Hedge Fund company now holds 488 shares of TRS which is valued at $9,765.Cutler Group Lp boosted its stake in TRS in the latest quarter, The investment management firm added 735 additional shares and now holds a total of 1,035 shares of TriMas Corp which is valued at $19,437.

TriMas Corp opened for trading at $18.08 and hit $18.55 on the upside on Monday, eventually ending the session at $18.47, with a gain of 2.16% or 0.39 points. The heightened volatility saw the trading volume jump to 1,96,053 shares. Company has a market cap of $840 M.

On the company’s financial health, TriMas Corp reported $0.34 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $203.30 million for the quarter, compared to analysts expectations of $222.50 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 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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