Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 2,226 shares of Trecora Resources stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $9.60, for a total value of $21,369.60. Following the completion of the transaction, the insider now directly owns 2,709,823 shares in the company, valued at $26,014,300.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Monday, July 8th, Athel Fahad Mohammed Saleh Al sold 1,910 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total value of $18,336.00.
  • 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 shares were sold at an average price of $10.00, for a total value of $26,800.00.

NYSE TREC opened at $9.50 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.15. Trecora Resources has a twelve month low of $6.69 and a twelve month high of $15.45. The company’s 50 day moving average price is $9.53.

Trecora Resources (NYSE:TREC) last released its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. Trecora Resources had a negative return on equity of 0.07% and a negative net margin of 1.04%. The company had revenue of $65.16 million for the quarter, compared to analyst estimates of $71.10 million. Research analysts predict that Trecora Resources will post 0.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREC. Tieton Capital Management LLC increased its holdings in Trecora Resources by 64.3% in the first quarter. Tieton Capital Management LLC now owns 471,265 shares of the basic materials company’s stock valued at $4,284,000 after buying an additional 184,475 shares in the last quarter. Rutabaga Capital Management LLC MA increased its holdings in Trecora Resources by 99.1% in the first quarter. Rutabaga Capital Management LLC MA now owns 528,131 shares of the basic materials company’s stock valued at $4,801,000 after buying an additional 262,843 shares in the last quarter. Royce & Associates LP increased its holdings in Trecora Resources by 4.2% in the first quarter. Royce & Associates LP now owns 533,678 shares of the basic materials company’s stock valued at $4,851,000 after buying an additional 21,278 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in 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 valued at $39,000 after buying an additional 3,622 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Trecora Resources in the first quarter valued at about $164,000. Institutional investors own 44.32% of the company’s stock.

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

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.

Read More: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for Trecora Resources (NYSE:TREC)

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