Renaissance Technologies LLC Acquires 162,848 Shares of Trio-Tech International $TRT

Renaissance Technologies LLC grew its holdings in Trio-Tech International (NYSE:TRT) by 100.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 325,526 shares of the company’s stock after purchasing an additional 162,848 shares during the period. Renaissance Technologies LLC owned approximately 3.63% of Trio-Tech International worth $1,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Compound Planning Inc. lifted its position in shares of Trio-Tech International by 85.8% during the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after buying an additional 287,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Trio-Tech International by 98.4% during the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after acquiring an additional 120,888 shares in the last quarter. Geode Capital Management LLC raised its stake in Trio-Tech International by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after acquiring an additional 3,164 shares in the last quarter. James Investment Research Inc. lifted its holdings in shares of Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International in the fourth quarter worth about $208,000. Institutional investors own 16.03% of the company’s stock.

Insider Buying and Selling at Trio-Tech International

In related news, Director Richard M. Horowitz sold 67,500 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $18.10, for a total transaction of $1,221,750.00. Following the sale, the director owned 664,784 shares of the company’s stock, valued at $12,032,590.40. This trade represents a 9.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jason T. Adelman sold 5,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $15.84, for a total value of $79,200.00. Following the sale, the director owned 145,094 shares in the company, valued at $2,298,288.96. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 122,475 shares of company stock worth $2,119,100. 39.50% of the stock is currently owned by company insiders.

Trio-Tech International Trading Up 5.5%

TRT opened at $11.18 on Wednesday. The company has a market cap of $113.06 million, a P/E ratio of 79.86 and a beta of 1.96. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $11.10 and its 200-day moving average is $9.17. Trio-Tech International has a 1-year low of $2.56 and a 1-year high of $21.38.

Trio-Tech International Profile

Trio-Tech International, Inc, headquartered in Hackensack, New Jersey, is a publicly traded provider of electronic manufacturing services (EMS) and LED?based technology solutions. Founded in 1986, the company offers turnkey design, engineering, prototyping, assembly and supply chain management services to customers across a range of end markets, including industrial controls, telecommunications, medical equipment and instrumentation.

Within its EMS segment, Trio-Tech delivers printed circuit board assembly (including surface?mount, through?hole and mixed-technology boards), box-build and system integration, cable harness design and manufacturing, conformal coating and testing.