197,020 Shares in Trinseo PLC (NYSE:TSE) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Trinseo PLC (NYSE:TSE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 197,020 shares of the basic materials company’s stock, valued at approximately $455,000. Marshall Wace LLP owned approximately 0.56% of Trinseo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in TSE. M&G Plc bought a new stake in shares of Trinseo during the 1st quarter worth $30,500,000. Vanguard Group Inc. raised its holdings in Trinseo by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company’s stock worth $4,217,000 after buying an additional 93,050 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in Trinseo during the first quarter valued at about $48,000. Los Angeles Capital Management LLC boosted its holdings in shares of Trinseo by 388.0% in the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock worth $983,000 after buying an additional 338,318 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Trinseo by 40.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 10,036 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.

Insider Buying and Selling

In related news, CEO Frank A. Bozich acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $2.57 per share, with a total value of $102,800.00. Following the purchase, the chief executive officer now owns 462,204 shares of the company’s stock, valued at approximately $1,187,864.28. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trinseo news, Director Jeffrey J. Cote acquired 50,600 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $3.39 per share, for a total transaction of $171,534.00. Following the completion of the purchase, the director now owns 150,600 shares of the company’s stock, valued at approximately $510,534. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frank A. Bozich bought 40,000 shares of the stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $2.57 per share, for a total transaction of $102,800.00. Following the acquisition, the chief executive officer now directly owns 462,204 shares in the company, valued at approximately $1,187,864.28. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 265,600 shares of company stock worth $748,084. Corporate insiders own 2.50% of the company’s stock.

Trinseo Trading Up 3.1 %

TSE opened at $6.32 on Friday. The stock has a fifty day moving average price of $4.10 and a 200 day moving average price of $3.38. Trinseo PLC has a 1 year low of $1.93 and a 1 year high of $8.83. The stock has a market cap of $223.06 million, a price-to-earnings ratio of -0.31 and a beta of 1.63.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The firm had revenue of $920.00 million during the quarter, compared to analyst estimates of $958.16 million. During the same period last year, the company posted ($1.92) EPS. As a group, sell-side analysts forecast that Trinseo PLC will post -6.73 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, October 10th. Trinseo’s payout ratio is presently -0.19%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday.

Trinseo Company Profile

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.