Trinseo (NYSE:TSE) Director Acquires $64,657.95 in Stock

Key Points

• Director Matthew Farrell of Trinseo PLC purchased over $64,000 in stock, indicating a significant personal investment in the company.
• Trinseo's stock price has declined 3.3%, currently trading at $2.43, with a one-year low of $1.90 and a high of $7.05.
• The company reported disappointing quarterly earnings, with an EPS of ($2.12), missing the consensus estimate by ($0.63).

Trinseo PLC (NYSE:TSE - Get Free Report) Director Matthew Farrell bought 26,391 shares of Trinseo stock in a transaction on Wednesday, August 13th. The stock was acquired at an average cost of $2.45 per share, for a total transaction of $64,657.95. Following the acquisition, the director owned 201,616 shares in the company, valued at approximately $493,959.20. This represents a 15.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 14th, Matthew Farrell purchased 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 Tuesday, August 12th, Matthew Farrell purchased 25,000 shares of Trinseo stock. The stock was purchased at an average price of $2.29 per share, with a total value of $57,250.00.

Trinseo Stock Performance

Shares of TSE traded up $0.03 during trading hours on Tuesday, reaching $2.43. The stock had a trading volume of 55,852 shares, compared to its average volume of 360,415. Trinseo PLC has a 12 month low of $1.90 and a 12 month high of $7.05. The stock has a market capitalization of $87.37 million, a PE ratio of -0.22 and a beta of 1.44. The company's 50-day moving average is $2.97 and its two-hundred day moving average is $3.54.

Trinseo (NYSE:TSE - Get Free Report) last announced 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 firm had revenue of $784.30 million during the quarter, compared to the consensus estimate of $966.82 million. Equities analysts anticipate that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Covestor Ltd bought a new position in shares of Trinseo in the 4th quarter worth about $36,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Trinseo in the 2nd quarter worth about $27,000. State of Wyoming bought a new position in shares of Trinseo in the 4th quarter worth about $53,000. May Hill Capital LLC bought a new position in shares of Trinseo in the 2nd quarter worth about $33,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Trinseo in the 2nd quarter worth about $41,000. 82.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.