Acadian Asset Management LLC Acquires 239,793 Shares of Trinseo PLC $TSE

Key Points

• Acadian Asset Management LLC increased its position in Trinseo PLC by 267.9% in Q1, owning 329,306 shares worth approximately $1.21 million.
• Trinseo's shares rose by 6.5% during recent trading, with a current market cap of $93.83 million and a trading volume of 172,978 shares.
• Trinseo has announced a quarterly dividend of $0.01 per share, representing a 1.5% yield with a negative dividend payout ratio.

Acadian Asset Management LLC grew its holdings in shares of Trinseo PLC (NYSE:TSE - Free Report) by 267.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,306 shares of the basic materials company's stock after buying an additional 239,793 shares during the quarter. Acadian Asset Management LLC owned 0.92% of Trinseo worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Jefferies Financial Group Inc. boosted its holdings in Trinseo by 14.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 30,000 shares of the basic materials company's stock worth $153,000 after purchasing an additional 3,800 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in Trinseo by 11.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company's stock worth $266,000 after purchasing an additional 7,500 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Trinseo by 2.7% during the fourth quarter. Two Sigma Investments LP now owns 326,592 shares of the basic materials company's stock worth $1,666,000 after purchasing an additional 8,682 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its holdings in Trinseo by 28.9% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company's stock worth $164,000 after purchasing an additional 10,000 shares during the last quarter. Finally, State of Wyoming purchased a new position in Trinseo during the fourth quarter worth about $53,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Stock Performance

TSE traded down $0.09 during midday trading on Friday, reaching $2.53. The company had a trading volume of 1,108,063 shares, compared to its average volume of 241,258. The stock has a market cap of $90.96 million, a PE ratio of -0.23 and a beta of 1.39. Trinseo PLC has a 12-month low of $1.90 and a 12-month high of $7.05. The business has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $3.11.

Trinseo (NYSE:TSE - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported ($2.12) earnings per share for the quarter, missing analysts' consensus estimates of ($1.49) by ($0.63). The business had revenue of $784.30 million for the quarter, compared to analysts' expectations of $966.82 million. On average, research analysts anticipate that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, July 10th. Trinseo's payout ratio is presently -0.36%.

Insiders Place Their Bets

In related news, Director Matthew Farrell bought 48,609 shares of the company's stock in a transaction on Thursday, August 14th. The shares were purchased at an average cost of $2.43 per share, for a total transaction of $118,119.87. Following the completion of the purchase, the director directly owned 250,225 shares in the company, valued at $608,046.75. The trade was a 24.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought 100,000 shares of company stock valued at $240,028 in the last 90 days. 4.50% of the stock is owned by 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.