Separately, Roth Capital restated a “buy” rating on shares of Trecora Resources in a research report on Tuesday, August 6th.
Shares of TREC opened at $7.25 on Wednesday. The firm has a market capitalization of $178.20 million, a PE ratio of 85.56 and a beta of 1.19. The company has a quick ratio of 2.80, a current ratio of 3.31 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $8.33 and a 200 day moving average price of $9.04. Trecora Resources has a 52-week low of $6.69 and a 52-week high of $10.54.
In related news, major shareholder Athel Fahad Mohammed Saleh Al sold 18,167 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $9.01, for a total transaction of $163,684.67. Following the sale, the insider now owns 2,556,793 shares of the company’s stock, valued at $23,036,704.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 108,167 shares of company stock worth $980,285 in the last quarter. Company insiders own 3.92% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in Trecora Resources by 2.3% in the second quarter. Renaissance Technologies LLC now owns 52,985 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 1,200 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Trecora Resources by 5.3% during the 3rd quarter. California Public Employees Retirement System now owns 51,291 shares of the basic materials company’s stock valued at $463,000 after purchasing an additional 2,600 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Trecora Resources by 8.7% during the 3rd quarter. Rhumbline Advisers now owns 33,746 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 2,691 shares in the last quarter. State Street Corp grew its stake in shares of Trecora Resources by 1.2% in the 3rd quarter. State Street Corp now owns 398,427 shares of the basic materials company’s stock worth $3,594,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Trecora Resources by 3.4% in the 2nd quarter. Northern Trust Corp now owns 255,488 shares of the basic materials company’s stock worth $2,445,000 after purchasing an additional 8,470 shares during the last quarter. 49.12% of the stock is owned by institutional investors and hedge funds.
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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