Renaissance Technologies LLC Acquires 162,848 Shares of Trio-Tech International $TRT

Renaissance Technologies LLC boosted its stake in Trio-Tech International (NYSE:TRT) by 100.1% in the first quarter, HoldingsChannel.com reports. The firm owned 325,526 shares of the company’s stock after buying an additional 162,848 shares during the period. Renaissance Technologies LLC’s holdings in Trio-Tech International were worth $1,882,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Compound Planning Inc. grew its position in shares of Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after buying an additional 287,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after buying an additional 120,888 shares during the period. James Investment Research Inc. raised its position in shares of Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International during the fourth quarter worth about $208,000. Finally, Geode Capital Management LLC lifted its stake in shares of Trio-Tech International by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after acquiring an additional 3,164 shares during the period. 16.03% of the stock is owned by institutional investors.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $11.18 on Wednesday. The business’s 50 day simple moving average is $11.10 and its 200 day simple moving average is $9.17. Trio-Tech International has a one year low of $2.56 and a one year high of $21.38. The stock has a market capitalization of $113.06 million, a PE ratio of 79.86 and a beta of 1.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Insider Buying and Selling

In other news, Director Jason T. Adelman sold 35,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the sale, the director directly owned 54,975 shares in the company, valued at $956,015.25. This represents a 38.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard M. Horowitz sold 67,500 shares of Trio-Tech International stock in a transaction on Monday, May 18th. The stock was sold at an average price of $18.10, for a total transaction of $1,221,750.00. Following the transaction, the director directly owned 664,784 shares of the company’s stock, valued at $12,032,590.40. This represents a 9.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 122,475 shares of company stock worth $2,119,100 in the last 90 days. Corporate insiders own 39.50% of the company’s stock.

About Trio-Tech International

Trio-Tech International, Inc, headquartered in Hackensack, New Jersey, is a publicly traded provider of electronic manufacturing services (EMS) and LED‐based technology solutions. Founded in 1986, the company offers turnkey design, engineering, prototyping, assembly and supply chain management services to customers across a range of end markets, including industrial controls, telecommunications, medical equipment and instrumentation.

Within its EMS segment, Trio-Tech delivers printed circuit board assembly (including surface‐mount, through‐hole and mixed-technology boards), box-build and system integration, cable harness design and manufacturing, conformal coating and testing.