Insider Selling: Trecora Resources (NYSE:TREC) Major Shareholder Sells $18,336.00 in Stock

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Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 1,910 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $9.60, for a total value of $18,336.00. Following the completion of the sale, the insider now owns 2,709,823 shares of the company’s stock, valued at approximately $26,014,300.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Friday, July 5th, Athel Fahad Mohammed Saleh Al sold 2,226 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $21,369.60.
  • On Wednesday, July 3rd, Athel Fahad Mohammed Saleh Al sold 7,636 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total value of $73,381.96.
  • On Monday, July 1st, Athel Fahad Mohammed Saleh Al sold 17,974 shares of Trecora Resources stock. The stock was sold at an average price of $9.69, for a total value of $174,168.06.
  • On Friday, June 28th, Athel Fahad Mohammed Saleh Al sold 1,508 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $14,476.80.
  • On Thursday, June 13th, Athel Fahad Mohammed Saleh Al sold 5,700 shares of Trecora Resources stock. The stock was sold at an average price of $9.63, for a total value of $54,891.00.
  • On Tuesday, June 11th, Athel Fahad Mohammed Saleh Al sold 30,000 shares of Trecora Resources stock. The stock was sold at an average price of $9.71, for a total value of $291,300.00.
  • On Wednesday, May 22nd, Athel Fahad Mohammed Saleh Al sold 541 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $5,410.00.
  • On Monday, May 20th, Athel Fahad Mohammed Saleh Al sold 7,700 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $77,000.00.
  • On Wednesday, May 15th, Athel Fahad Mohammed Saleh Al sold 6,153 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $61,530.00.
  • On Friday, May 10th, Athel Fahad Mohammed Saleh Al sold 2,680 shares of Trecora Resources stock. The stock was sold at an average price of $10.00, for a total value of $26,800.00.

Shares of TREC opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.15 and a quick ratio of 1.48. The stock has a 50-day moving average of $9.53. Trecora Resources has a 52 week low of $6.69 and a 52 week high of $15.45.

Trecora Resources (NYSE:TREC) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The business had revenue of $65.16 million during the quarter, compared to analysts’ expectations of $71.10 million. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. As a group, research analysts anticipate that Trecora Resources will post 0.14 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREC. BNP Paribas Arbitrage SA boosted its stake in shares of Trecora Resources by 503.8% in the first quarter. BNP Paribas Arbitrage SA now owns 4,341 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 3,622 shares during the period. Bank of America Corp DE boosted its stake in shares of Trecora Resources by 56.0% in the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 5,076 shares during the period. Ridgewood Investments LLC bought a new position in shares of Trecora Resources in the first quarter worth about $164,000. Rhumbline Advisers boosted its stake in shares of Trecora Resources by 43.5% in the fourth quarter. Rhumbline Advisers now owns 29,777 shares of the basic materials company’s stock worth $232,000 after acquiring an additional 9,030 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Trecora Resources by 18.8% in the fourth quarter. First Trust Advisors LP now owns 37,120 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 5,879 shares during the period. 44.32% of the stock is owned by hedge funds and other 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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