Matthew Farrell Buys 48,609 Shares of Trinseo (NYSE:TSE) Stock

Key Points

• Trinseo PLC Director Matthew Farrell purchased 48,609 shares of the company's stock at an average price of $2.43 per share, increasing his total ownership by 24.11%.
• The company reported (2.12) EPS for the last quarter, missing analyst expectations of (1.49), with revenues of $784.30 million, significantly below the projected $966.82 million.
• Trinseo announced a $0.01 quarterly dividend, providing an annualized yield of 1.6% and reflecting a current dividend payout ratio of -0.36%.

Trinseo PLC (NYSE:TSE - Get Free Report) Director Matthew Farrell purchased 48,609 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $2.43 per share, with a total value of $118,119.87. Following the completion of the transaction, the director owned 250,225 shares in the company, valued at $608,046.75. This trade represents a 24.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Matthew Farrell also recently made the following trade(s):

• On Wednesday, August 13th, Matthew Farrell acquired 26,391 shares of Trinseo stock. The shares were purchased at an average price of $2.45 per share, with a total value of $64,657.95.
• On Tuesday, August 12th, Matthew Farrell acquired 25,000 shares of Trinseo stock. The shares were purchased at an average price of $2.29 per share, with a total value of $57,250.00.

Trinseo Trading Up 1.3%

NYSE:TSE traded up $0.03 on Tuesday, reaching $2.43. 55,852 shares of the stock traded hands, compared to its average volume of 360,415. The company has a market capitalization of $87.37 million, a price-to-earnings ratio of -0.22 and a beta of 1.44. Trinseo PLC has a 12 month low of $1.90 and a 12 month high of $7.05. The company's fifty day simple moving average is $2.97 and its 200 day simple moving average is $3.54.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $966.82 million. Equities analysts anticipate that Trinseo PLC will post -3.88 EPS for the current fiscal year.

Trinseo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.01 per share. 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 dividend payout ratio (DPR) is currently -0.36%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Trinseo from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

Institutional Trading of Trinseo

Large investors have recently made changes to their positions in the stock. Covestor Ltd bought a new stake in shares of Trinseo in the fourth quarter worth approximately $36,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Trinseo during the second quarter valued at approximately $27,000. State of Wyoming bought a new stake in Trinseo during the fourth quarter valued at approximately $53,000. May Hill Capital LLC bought a new stake in Trinseo during the second quarter valued at approximately $33,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Trinseo during the second quarter valued at approximately $41,000. 82.69% of the stock is currently owned by institutional investors.

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.