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

Acadian Asset Management LLC raised its stake in Trinseo PLC (NYSE:TSE - Free Report) by 267.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,306 shares of the basic materials company's stock after acquiring an additional 239,793 shares during the period. Acadian Asset Management LLC owned approximately 0.92% of Trinseo worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TSE. Goldman Sachs Group Inc. grew its stake in shares of Trinseo by 43.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 343,604 shares of the basic materials company's stock worth $1,264,000 after buying an additional 103,294 shares in the last quarter. Brightline Capital Management LLC grew its stake in shares of Trinseo by 7.5% in the 1st quarter. Brightline Capital Management LLC now owns 1,016,000 shares of the basic materials company's stock worth $3,739,000 after buying an additional 71,000 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Trinseo during the 4th quarter worth about $298,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Trinseo during the 1st quarter worth about $118,000. Finally, Man Group plc purchased a new position in shares of Trinseo during the 4th quarter worth about $96,000. 82.69% of the stock is owned by hedge funds and other institutional investors.

Trinseo Trading Down 3.2%

TSE stock opened at $2.45 on Thursday. Trinseo PLC has a 12 month low of $1.90 and a 12 month high of $7.05. The company has a 50-day moving average price of $2.56 and a 200 day moving average price of $3.17. The stock has a market cap of $88.08 million, a PE ratio of -0.22 and a beta of 1.39.

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

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.6%. Trinseo's payout ratio is currently -0.36%.

Insider Activity at Trinseo

In related news, Director Matthew Farrell acquired 48,609 shares of the stock in a transaction on Thursday, August 14th. The stock was bought at an average cost of $2.43 per share, with a total value of $118,119.87. Following the transaction, the director directly owned 250,225 shares in the company, valued at approximately $608,046.75. This represents a 24.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 100,000 shares of company stock worth $240,028. 4.50% of the stock is currently owned by insiders.

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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