683 Capital Management LLC Makes New $636,000 Investment in Trinseo PLC (NYSE:TSE)

683 Capital Management LLC bought a new stake in Trinseo PLC (NYSE:TSE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 124,763 shares of the basic materials company's stock, valued at approximately $636,000. 683 Capital Management LLC owned 0.35% of Trinseo at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd purchased a new position in Trinseo in the fourth quarter valued at $36,000. Rhumbline Advisers raised its stake in shares of Trinseo by 103.2% during the fourth quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company's stock worth $40,000 after purchasing an additional 4,002 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Trinseo in the 4th quarter worth $51,000. Quarry LP purchased a new stake in Trinseo in the 4th quarter valued at approximately $79,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Trinseo during the fourth quarter worth $80,000. Hedge funds and other institutional investors own 82.69% of the company's stock.

Trinseo Trading Up 0.5 %

TSE stock opened at $4.00 on Friday. The company's 50-day moving average price is $3.93 and its 200 day moving average price is $4.42. The company has a market cap of $141.85 million, a P/E ratio of -0.41 and a beta of 1.54. Trinseo PLC has a 52 week low of $1.94 and a 52 week high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last posted its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37). On average, equities research analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.00%. Trinseo's dividend payout ratio (DPR) is -0.41%.

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.

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