Trecora Resources (NYSE:TREC) Short Interest Update
Trecora Resources (NYSE:TREC) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 469,500 shares, a drop of 5.7% from the June 30th total of 498,000 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 10.5 days.
TREC opened at $8.64 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.17 and a quick ratio of 1.48. The company’s 50-day moving average is $9.40 and its 200 day moving average is $9.38. Trecora Resources has a fifty-two week low of $6.69 and a fifty-two week high of $14.45. The firm has a market capitalization of $216.26 million, a P/E ratio of 875.00 and a beta of 1.27.
Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.10 earnings per share for the quarter. Trecora Resources had a negative net margin of 0.97% and a positive return on equity of 0.16%. The company had revenue of $69.37 million for the quarter, compared to analyst estimates of $68.05 million. On average, equities research analysts expect that Trecora Resources will post 0.24 earnings per share for the current year.
In other Trecora Resources news, major shareholder Athel Fahad Mohammed Saleh Al sold 7,700 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $10.00, for a total value of $77,000.00. Following the transaction, the insider now directly owns 2,794,980 shares of the company’s stock, valued at $27,949,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick D. Quarles acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $9.94 per share, for a total transaction of $99,400.00. Following the completion of the purchase, the insider now directly owns 76,000 shares of the company’s stock, valued at approximately $755,440. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 39,198 shares of company stock worth $383,262 and sold 172,907 shares worth $1,669,419. 3.92% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. grew its holdings in Trecora Resources by 41.3% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 302,833 shares of the basic materials company’s stock valued at $2,898,000 after buying an additional 88,510 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Trecora Resources during the 2nd quarter valued at approximately $110,000. D. E. Shaw & Co. Inc. grew its holdings in Trecora Resources by 113.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 69,780 shares of the basic materials company’s stock valued at $668,000 after buying an additional 37,031 shares in the last quarter. Vanguard Group Inc. grew its holdings in Trecora Resources by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 988,036 shares of the basic materials company’s stock valued at $9,456,000 after buying an additional 24,241 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Trecora Resources by 7.5% during the 2nd quarter. BlackRock Inc. now owns 1,125,585 shares of the basic materials company’s stock valued at $10,771,000 after buying an additional 78,620 shares in the last quarter. 44.30% of the stock is currently owned by institutional investors.
About Trecora Resources
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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