TriMas Co. (NASDAQ:TRS) is Medina Value Partners LLC's 2nd Largest Position

Medina Value Partners LLC boosted its holdings in shares of TriMas Co. (NASDAQ:TRS - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,034,882 shares of the industrial products company's stock after acquiring an additional 28,851 shares during the period. TriMas comprises 10.4% of Medina Value Partners LLC's portfolio, making the stock its 2nd largest holding. Medina Value Partners LLC owned approximately 2.55% of TriMas worth $25,448,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TRS. Advisory Research Inc. increased its position in TriMas by 41.2% during the fourth quarter. Advisory Research Inc. now owns 754,089 shares of the industrial products company's stock worth $18,543,000 after buying an additional 220,000 shares in the last quarter. Barclays PLC boosted its stake in shares of TriMas by 51.4% during the 4th quarter. Barclays PLC now owns 104,163 shares of the industrial products company's stock worth $2,560,000 after purchasing an additional 35,371 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of TriMas by 815.5% in the fourth quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,158 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in shares of TriMas by 9.9% during the fourth quarter. Quinn Opportunity Partners LLC now owns 62,669 shares of the industrial products company's stock valued at $1,541,000 after buying an additional 5,669 shares during the period. Finally, Kennedy Capital Management LLC grew its stake in TriMas by 94.8% in the 4th quarter. Kennedy Capital Management LLC now owns 485,721 shares of the industrial products company's stock worth $11,944,000 after acquiring an additional 236,346 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a "buy" rating and issued a $40.00 price objective on shares of TriMas in a research report on Friday, February 28th.

Insider Transactions at TriMas

In other TriMas news, Director Jeffrey A. Fielkow purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $20.78 per share, with a total value of $51,950.00. Following the transaction, the director now owns 11,013 shares in the company, valued at approximately $228,850.14. This trade represents a 29.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Shawn Sedaghat bought 554,149 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $24.07 per share, with a total value of $13,338,366.43. Following the transaction, the director now directly owns 900,974 shares of the company's stock, valued at approximately $21,686,444.18. This trade represents a 159.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 806,246 shares of company stock worth $19,338,213 in the last three months. 14.20% of the stock is currently owned by company insiders.

TriMas Trading Up 1.2 %

TRS stock traded up $0.23 on Tuesday, hitting $20.47. 101,751 shares of the company were exchanged, compared to its average volume of 304,643. The stock has a market capitalization of $833.58 million, a price-to-earnings ratio of 32.01 and a beta of 0.55. The business's fifty day moving average is $22.61 and its two-hundred day moving average is $24.50. TriMas Co. has a twelve month low of $19.33 and a twelve month high of $28.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44.

TriMas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.78%. TriMas's dividend payout ratio (DPR) is presently 27.12%.

TriMas Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.