Management Brokers Raises Stake in Trio-Tech

Management Brokers Insurance Agency raised its stake in Trio-Tech International to 13.3% of the San Fernando company’s stock from 12%.

Management Brokers, which is controlled by Richard M. Horowitz, said in a filing with the Securities and Exchange Commission that it bought an additional 34,300 Trio-Tech shares on Dec. 31 for 29 cents a share, or $9,947. The firm now owns 363,156 shares.

Trio-Tech makes equipment used for testing semiconductors.