Insider Buying: Trinseo (NYSE:TSE) Director Purchases 25,000 Shares of Stock

Key Points

• Matthew Farrell, Director of Trinseo PLC, acquired 25,000 shares at $2.29 each, increasing his stake to 175,225 shares, valued at approximately $401,265.
• Trinseo reported a loss of ($2.12) earnings per share for its last quarter, missing analyst expectations, with revenue also falling short at $784.3 million.
• The company recently announced a quarterly dividend of $0.01 per share, with a dividend yield of 1.6% and a payout ratio of -0.36%.

Trinseo PLC (NYSE:TSE - Get Free Report) Director Matthew Farrell bought 25,000 shares of Trinseo stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $2.29 per share, with a total value of $57,250.00. Following the completion of the purchase, the director owned 175,225 shares in the company, valued at $401,265.25. This trade represents a 16.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, August 14th, Matthew Farrell bought 48,609 shares of Trinseo stock. The stock was purchased at an average price of $2.43 per share, with a total value of $118,119.87.
• On Wednesday, August 13th, Matthew Farrell bought 26,391 shares of Trinseo stock. The stock was purchased at an average price of $2.45 per share, with a total value of $64,657.95.

Trinseo Price Performance

Shares of TSE traded up $0.03 during trading hours on Tuesday, hitting $2.43. The stock had a trading volume of 55,852 shares, compared to its average volume of 360,415. The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $3.54. The firm has a market capitalization of $87.37 million, a P/E ratio of -0.22 and a beta of 1.44. Trinseo PLC has a 1-year low of $1.90 and a 1-year high of $7.05.

Trinseo (NYSE:TSE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The basic materials company reported ($2.12) EPS for the quarter, missing the consensus estimate of ($1.49) by ($0.63). The firm had revenue of $784.30 million during the quarter, compared to the consensus estimate of $966.82 million. Equities analysts predict that Trinseo PLC will post -3.88 EPS for the current fiscal year.

Trinseo Announces Dividend

The business also recently declared 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. The ex-dividend date was Thursday, July 10th. This represents a $0.04 dividend on an annualized basis and a yield of 1.6%. Trinseo's payout ratio is -0.36%.

Hedge Funds Weigh In On Trinseo

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Trinseo by 0.9% in the 4th quarter. Invesco Ltd. now owns 314,658 shares of the basic materials company's stock worth $1,605,000 after purchasing an additional 2,806 shares during the period. Geode Capital Management LLC raised its holdings in shares of Trinseo by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company's stock worth $1,984,000 after purchasing an additional 2,820 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Trinseo by 14.5% in the 4th 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 period. Covestor Ltd bought a new stake in shares of Trinseo in the 4th quarter worth approximately $36,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in Trinseo by 11.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company's stock valued at $266,000 after acquiring an additional 7,500 shares during the period. Institutional investors own 82.69% of the company's stock.

Wall Street Analyst Weigh In

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

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.