Trecora Resources (NYSE:TREC)’s share price reached a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $14.35 and last traded at $14.30, with a volume of 7985 shares changing hands. The stock had previously closed at $14.20.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. TheStreet upgraded shares of Trecora Resources from a “c+” rating to a “b-” rating in a report on Thursday, April 5th. Finally, B. Riley reiterated a “buy” rating on shares of Trecora Resources in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.67.
The firm has a market cap of $335.42, a PE ratio of 32.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 1.82.
In related news, insider Nicholas Carter sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $13.74, for a total transaction of $137,400.00. Following the completion of the sale, the insider now owns 477,536 shares of the company’s stock, valued at $6,561,344.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Athel Fahad Mohammed Saleh Al sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $12.82, for a total transaction of $384,600.00. Following the sale, the insider now directly owns 3,163,565 shares of the company’s stock, valued at approximately $40,556,903.30. The disclosure for this sale can be found here. Insiders have sold 144,553 shares of company stock valued at $1,848,478 in the last three months. 6.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Crestline Management LP bought a new stake in Trecora Resources in the 4th quarter worth approximately $1,398,000. Brigade Capital Management LP grew its position in Trecora Resources by 50.9% in the 4th quarter. Brigade Capital Management LP now owns 233,950 shares of the basic materials company’s stock worth $3,158,000 after purchasing an additional 78,950 shares during the period. Kennedy Capital Management Inc. grew its position in Trecora Resources by 33.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 191,759 shares of the basic materials company’s stock worth $2,589,000 after purchasing an additional 48,129 shares during the period. Algert Global LLC bought a new stake in Trecora Resources in the 3rd quarter worth approximately $353,000. Finally, Monarch Partners Asset Management LLC grew its position in Trecora Resources by 16.4% in the 4th quarter. Monarch Partners Asset Management LLC now owns 44,435 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 6,275 shares during the period. 44.79% of the stock is owned by institutional investors.
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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