Insider Selling: Trecora Resources (NYSE:TREC) Major Shareholder Sells $82,483.20 in Stock

Trecora Resources (NYSE:TREC) major shareholder Athel Fahad Mohammed Saleh Al sold 8,592 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $9.60, for a total transaction of $82,483.20. Following the sale, the insider now directly owns 2,604,783 shares of the company’s stock, valued at $25,005,916.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Athel Fahad Mohammed Saleh Al also recently made the following trade(s):

  • On Friday, July 26th, Athel Fahad Mohammed Saleh Al sold 28,712 shares of Trecora Resources stock. The stock was sold at an average price of $9.62, for a total transaction of $276,209.44.
  • On Wednesday, July 24th, Athel Fahad Mohammed Saleh Al sold 21,521 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total transaction of $206,816.81.
  • On Monday, July 22nd, Athel Fahad Mohammed Saleh Al sold 400 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total transaction of $3,840.00.
  • On Friday, July 19th, Athel Fahad Mohammed Saleh Al sold 125 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total transaction of $1,200.00.
  • On Monday, July 15th, Athel Fahad Mohammed Saleh Al sold 12,301 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total transaction of $118,089.60.
  • On Friday, July 12th, Athel Fahad Mohammed Saleh Al sold 12,885 shares of Trecora Resources stock. The stock was sold at an average price of $9.61, for a total transaction of $123,824.85.
  • 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 transaction of $18,336.00.
  • On Friday, July 5th, Athel Fahad Mohammed Saleh Al sold 2,226 shares of Trecora Resources stock. The stock was sold at an average price of $9.60, for a total transaction of $21,369.60.
  • 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 transaction 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 transaction of $174,168.06.

Shares of Trecora Resources stock opened at $9.38 on Friday. The business’s fifty day simple moving average is $9.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.15 and a quick ratio of 1.48. Trecora Resources has a twelve month low of $6.69 and a twelve month high of $14.80.

Trecora Resources (NYSE:TREC) last announced its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. Trecora Resources had a negative net margin of 1.04% and a negative return on equity of 0.07%. The firm had revenue of $65.16 million during the quarter, compared to analysts’ expectations of $71.10 million. As a group, sell-side analysts expect that Trecora Resources will post 0.14 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of Trecora Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Trecora Resources by 2.0% in the 4th quarter. BlackRock Inc. now owns 1,088,556 shares of the basic materials company’s stock valued at $8,490,000 after buying an additional 21,009 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Trecora Resources by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,056,755 shares of the basic materials company’s stock valued at $8,243,000 after buying an additional 92,005 shares during the last quarter. Royce & Associates LP boosted its position in Trecora Resources by 4.2% in the 1st 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 during the last quarter. Rutabaga Capital Management LLC MA boosted its position in Trecora Resources by 99.1% in the 1st 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 during the last quarter. Finally, Tieton Capital Management LLC boosted its position in Trecora Resources by 64.3% in the 1st 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 during the last quarter. 44.30% of the stock is 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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