945,000 Shares in Trinseo PLC (NYSE:TSE) Bought by Brightline Capital Management LLC

Brightline Capital Management LLC purchased a new stake in Trinseo PLC (NYSE:TSE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 945,000 shares of the basic materials company's stock, valued at approximately $4,820,000. Trinseo makes up about 3.8% of Brightline Capital Management LLC's portfolio, making the stock its 9th largest position. Brightline Capital Management LLC owned about 2.67% of Trinseo as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSE. FMR LLC raised its position in Trinseo by 21.3% in the third 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. XTX Topco Ltd lifted its holdings in shares of Trinseo by 19.1% during the third quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company's stock valued at $451,000 after acquiring an additional 14,180 shares during the period. Geode Capital Management LLC grew its holdings in shares of Trinseo by 4.0% during the third 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 during the last quarter. JPMorgan Chase & Co. grew its holdings 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. Finally, SG Americas Securities LLC bought a new position in shares of Trinseo in the fourth quarter worth about $51,000. 82.69% of the stock is owned by institutional investors.

Trinseo Trading Up 0.8 %

Shares of Trinseo stock traded up $0.03 during midday trading on Thursday, reaching $3.34. The company had a trading volume of 96,733 shares, compared to its average volume of 318,509. The stock has a fifty day simple moving average of $4.27 and a 200 day simple moving average of $4.61. Trinseo PLC has a 1-year low of $1.93 and a 1-year high of $7.05. The company has a market capitalization of $118.40 million, a price-to-earnings ratio of -0.34 and a beta of 1.54.

Trinseo (NYSE:TSE - Get Free Report) last announced its quarterly earnings data 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). Sell-side analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.20%. Trinseo's dividend 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.