Dimensional Fund Advisors LP Raises Stake in Trio-Tech International $TRT

Dimensional Fund Advisors LP lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 98.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,724 shares of the company’s stock after purchasing an additional 120,888 shares during the period. Dimensional Fund Advisors LP’s holdings in Trio-Tech International were worth $1,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Trio-Tech International by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after purchasing an additional 3,164 shares during the period. James Investment Research Inc. lifted its holdings in shares of Trio-Tech International by 100.0% during the 1st 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 stake in Trio-Tech International during the fourth quarter worth about $208,000. 16.03% of the stock is currently owned by institutional investors.

Insider Transactions at Trio-Tech International

In related news, Director Jason T. Adelman sold 35,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the sale, the director directly owned 54,975 shares in the company, valued at $956,015.25. This represents a 38.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard M. Horowitz sold 67,500 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $18.10, for a total transaction of $1,221,750.00. Following the transaction, the director directly owned 664,784 shares of the company’s stock, valued at approximately $12,032,590.40. This trade represents a 9.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 122,475 shares of company stock worth $2,119,100 over the last ninety days. Insiders own 39.50% of the company’s stock.

Trio-Tech International Stock Down 1.9%

Shares of TRT opened at $11.46 on Friday. Trio-Tech International has a 1 year low of $2.56 and a 1 year high of $21.38. The firm has a market cap of $115.89 million, a P/E ratio of 81.86 and a beta of 1.96. The stock has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $9.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

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.