Price Capital Management Inc. Takes $122,000 Position in Trecora Resources (TREC)

Price Capital Management Inc. purchased a new position in shares of Trecora Resources (NYSE:TREC) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 8,700 shares of the basic materials company’s stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Trecora Resources by 11.4% in the first quarter. Wells Fargo & Company MN now owns 49,320 shares of the basic materials company’s stock valued at $671,000 after acquiring an additional 5,050 shares in the last quarter. Royce & Associates LP raised its holdings in Trecora Resources by 9.2% in the second quarter. Royce & Associates LP now owns 518,100 shares of the basic materials company’s stock valued at $7,694,000 after acquiring an additional 43,500 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Trecora Resources by 241.6% in the second quarter. Wedge Capital Management L L P NC now owns 80,130 shares of the basic materials company’s stock valued at $1,190,000 after acquiring an additional 56,671 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Trecora Resources by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 899,562 shares of the basic materials company’s stock valued at $13,359,000 after acquiring an additional 75,940 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Trecora Resources in the second quarter valued at approximately $378,000. 48.52% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on TREC. Zacks Investment Research cut shares of Trecora Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. TheStreet lowered shares of Trecora Resources from a “b” rating to a “c+” rating in a research note on Thursday, October 18th.



Trecora Resources stock traded down $0.69 during mid-day trading on Monday, hitting $10.81. The company had a trading volume of 63,583 shares, compared to its average volume of 41,459. The firm has a market capitalization of $281.60 million, a P/E ratio of 24.69 and a beta of 1.32. Trecora Resources has a 1 year low of $10.25 and a 1 year high of $15.60. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 0.51.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.07). The company had revenue of $68.11 million during the quarter, compared to analysts’ expectations of $70.30 million. Trecora Resources had a net margin of 7.58% and a return on equity of 4.84%. As a group, research analysts expect that Trecora Resources will post 0.51 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Trecora Resources (NYSE:TREC)

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