SG Americas Securities LLC Makes New $51,000 Investment in Trinseo PLC (NYSE:TSE)

SG Americas Securities LLC bought a new stake in Trinseo PLC (NYSE:TSE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,097 shares of the basic materials company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSE. PFG Investments LLC acquired a new position in shares of Trinseo in the 3rd quarter valued at approximately $52,000. Whitebox Advisors LLC acquired a new position in Trinseo during the 3rd quarter worth approximately $200,000. XTX Topco Ltd increased its position in Trinseo by 19.1% during the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 14,180 shares in the last quarter. FMR LLC increased its position in Trinseo by 21.3% during the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after purchasing an additional 19,477 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock worth $1,973,000 after purchasing an additional 14,780 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Price Performance

TSE stock opened at $4.79 on Friday. The company has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $4.43. The stock has a market cap of $169.57 million, a price-to-earnings ratio of -0.34 and a beta of 1.54. Trinseo PLC has a 1 year low of $1.93 and a 1 year high of $7.05.

Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). On average, equities research analysts anticipate that Trinseo PLC will post -7.24 EPS for the current fiscal year.

Trinseo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, January 10th. Trinseo’s payout ratio is -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.