Jane Street Group LLC Has $1.28 Million Stock Position in Trinseo PLC (NYSE:TSE)

Jane Street Group LLC lessened its stake in Trinseo PLC (NYSE:TSE) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,524 shares of the basic materials company’s stock after selling 102,833 shares during the quarter. Jane Street Group LLC owned approximately 0.70% of Trinseo worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Investments LLC acquired a new position in Trinseo during the third quarter worth approximately $52,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Trinseo during the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC acquired a new position in shares of Trinseo during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of Trinseo during the 2nd quarter worth approximately $37,000. Finally, Point72 DIFC Ltd bought a new stake in Trinseo in the 2nd quarter valued at $55,000. 82.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Trinseo Stock Up 1.4 %

Shares of TSE stock opened at $5.17 on Friday. Trinseo PLC has a 12-month low of $1.93 and a 12-month high of $8.82. The company has a market capitalization of $183.03 million, a PE ratio of -0.37 and a beta of 1.62. The firm has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $3.98.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.04 annualized dividend and a yield of 0.77%. Trinseo’s payout ratio is currently -0.28%.

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.