4,838 Shares in Trinseo PLC (NYSE:TSE) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in Trinseo PLC (NYSE:TSE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,838 shares of the basic materials company’s stock, valued at approximately $40,000.

A number of other large investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Trinseo by 43.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,131 shares of the basic materials company’s stock worth $50,000 after buying an additional 1,844 shares during the period. Allspring Global Investments Holdings LLC grew its position in Trinseo by 415.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 2,617 shares in the last quarter. Barclays PLC increased its stake in Trinseo by 35.4% during the third quarter. Barclays PLC now owns 32,501 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 8,497 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Trinseo during the third quarter worth about $69,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Trinseo during the fourth quarter worth about $92,000. Institutional investors and hedge funds own 82.69% of the company’s stock.

Trinseo Stock Performance

Shares of TSE stock opened at $3.00 on Friday. Trinseo PLC has a fifty-two week low of $2.59 and a fifty-two week high of $18.68. The company has a 50 day moving average price of $3.73 and a 200 day moving average price of $5.47.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Monday, February 12th. The basic materials company reported ($2.99) EPS for the quarter, missing the consensus estimate of ($1.51) by ($1.48). The business had revenue of $837.50 million during the quarter, compared to analyst estimates of $884.14 million. Trinseo had a negative return on equity of 905.55% and a negative net margin of 19.08%. During the same quarter last year, the firm earned ($1.72) EPS. On average, equities analysts predict that Trinseo PLC will post -4.91 earnings per share for the current year.

Trinseo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, April 3rd. Trinseo’s dividend payout ratio is currently -0.20%.

About Trinseo

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.