Algert Global LLC Takes Position in Trinseo PLC (NYSE:TSE)

Algert Global LLC bought a new position in shares of Trinseo PLC (NYSE:TSE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 33,285 shares of the basic materials company’s stock, valued at approximately $77,000. Algert Global LLC owned 0.09% of Trinseo as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Trinseo in the second quarter worth $25,000. Ground Swell Capital LLC purchased a new position in Trinseo in the second quarter valued at $29,000. Red Door Wealth Management LLC acquired a new position in Trinseo during the 2nd quarter worth $35,000. Meeder Asset Management Inc. purchased a new stake in Trinseo during the 2nd quarter worth about $37,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Trinseo in the 1st quarter valued at about $48,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

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 Trading Up 2.8 %

Shares of NYSE:TSE opened at $6.51 on Friday. The company has a market cap of $230.19 million, a PE ratio of -0.51 and a beta of 1.63. The company’s 50 day moving average is $4.18 and its two-hundred day moving average is $3.40. Trinseo PLC has a 52 week low of $1.93 and a 52 week high of $8.83.

Trinseo (NYSE:TSE) last posted its earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The company had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $958.16 million. During the same quarter in the previous year, the business earned ($1.92) earnings per share. As a group, equities research analysts expect that Trinseo PLC will post -6.73 EPS for the current year.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.01 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.04 annualized dividend and a yield of 0.61%. Trinseo’s dividend payout ratio is currently -0.32%.

Insiders Place Their Bets

In related news, Director Jeffrey J. Cote bought 100,000 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $2.81 per share, for a total transaction of $281,000.00. Following the acquisition, the director now owns 100,000 shares in the company, valued at approximately $281,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Jeffrey J. Cote bought 100,000 shares of Trinseo stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $2.81 per share, with a total value of $281,000.00. Following the acquisition, the director now owns 100,000 shares of the company’s stock, valued at approximately $281,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angelo N. Chaclas bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $2.57 per share, with a total value of $192,750.00. Following the completion of the transaction, the senior vice president now owns 207,007 shares in the company, valued at approximately $532,007.99. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 265,600 shares of company stock valued at $748,084. 2.70% of the stock is owned by corporate insiders.

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.