Senvest Management LLC Acquires 178,666 Shares of Trinity Biotech plc (TRIB)

Senvest Management LLC boosted its holdings in shares of Trinity Biotech plc (NASDAQ:TRIB) by 25.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 892,488 shares of the company’s stock after buying an additional 178,666 shares during the quarter. Senvest Management LLC owned about 3.71% of Trinity Biotech worth $5,007,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp increased its position in Trinity Biotech by 2.1% during the second quarter. State Street Corp now owns 37,614 shares of the company’s stock worth $225,000 after buying an additional 781 shares during the last quarter. Teton Advisors Inc. boosted its holdings in Trinity Biotech by 0.3% during the second quarter. Teton Advisors Inc. now owns 231,730 shares of the company’s stock valued at $1,390,000 after acquiring an additional 800 shares during the period. Lapides Asset Management LLC boosted its holdings in Trinity Biotech by 0.4% during the second quarter. Lapides Asset Management LLC now owns 1,289,600 shares of the company’s stock valued at $7,738,000 after acquiring an additional 5,500 shares during the period. Paradice Investment Management LLC boosted its holdings in Trinity Biotech by 0.8% during the second quarter. Paradice Investment Management LLC now owns 1,639,296 shares of the company’s stock valued at $9,836,000 after acquiring an additional 12,800 shares during the period. Finally, Adirondack Research & Management Inc. boosted its holdings in Trinity Biotech by 4.1% during the third quarter. Adirondack Research & Management Inc. now owns 334,175 shares of the company’s stock valued at $1,875,000 after acquiring an additional 13,191 shares during the period. 60.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Trinity Biotech plc (NASDAQ TRIB) opened at $5.64 on Wednesday. The company has a current ratio of 5.16, a quick ratio of 3.77 and a debt-to-equity ratio of 0.90. Trinity Biotech plc has a fifty-two week low of $4.22 and a fifty-two week high of $7.27. The stock has a market cap of $131.99, a PE ratio of 91.50 and a beta of 1.41.

Trinity Biotech (NASDAQ:TRIB) last released its earnings results on Thursday, October 26th. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Trinity Biotech had a negative net margin of 100.00% and a positive return on equity of 5.87%. The business had revenue of $25.60 million during the quarter, compared to analysts’ expectations of $25.52 million. equities research analysts predict that Trinity Biotech plc will post 0.06 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Trinity Biotech from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 1st.

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Trinity Biotech Company Profile

Trinity Biotech plc (Trinity Biotech) develops, acquires, manufactures and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market. The Company’s products are used to detect autoimmune, infectious and sexually transmitted diseases, diabetes, and disorders of the liver and intestine.

Institutional Ownership by Quarter for Trinity Biotech (NASDAQ:TRIB)

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