Virtu Financial LLC Takes Position in Trinseo PLC (NYSE:TSE)

Virtu Financial LLC acquired a new position in shares of Trinseo PLC (NYSE:TSE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 32,587 shares of the basic materials company’s stock, valued at approximately $166,000. Virtu Financial LLC owned 0.09% of Trinseo as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Trinseo by 103.2% during the 4th quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company’s stock worth $40,000 after buying an additional 4,002 shares during the period. SG Americas Securities LLC bought a new position in Trinseo during the 4th quarter worth approximately $51,000. JPMorgan Chase & Co. boosted its stake in Trinseo by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock worth $2,199,000 after acquiring an additional 40,588 shares during the last quarter. Geode Capital Management LLC grew its holdings in Trinseo by 4.0% during the third quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock valued at $1,973,000 after purchasing an additional 14,780 shares during the period. Finally, XTX Topco Ltd increased its stake in Trinseo by 19.1% in the third quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 14,180 shares in the last quarter. Institutional investors own 82.69% of the company’s stock.

Trinseo Trading Down 5.7 %

NYSE:TSE opened at $3.67 on Friday. Trinseo PLC has a 1 year low of $1.94 and a 1 year high of $7.05. The stock has a 50-day moving average price of $4.54 and a two-hundred day moving average price of $4.73. The stock has a market cap of $130.14 million, a price-to-earnings ratio of -0.37 and a beta of 1.44.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.30) by ($0.37). Sell-side analysts forecast that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.09%. Trinseo’s payout ratio is -0.41%.

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.