Tower Research Capital LLC TRC Has $59,000 Stock Position in Trinseo PLC (NYSE:TSE)

Tower Research Capital LLC TRC boosted its position in shares of Trinseo PLC (NYSE:TSE) by 712.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,097 shares of the basic materials company’s stock after acquiring an additional 6,224 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Trinseo were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSE. Charles Schwab Investment Management Inc. increased its holdings in shares of Trinseo by 35.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,636,068 shares of the basic materials company’s stock valued at $13,694,000 after purchasing an additional 432,501 shares during the last quarter. Deutsche Bank AG raised its holdings in Trinseo by 2,136.4% in the 3rd quarter. Deutsche Bank AG now owns 413,742 shares of the basic materials company’s stock valued at $3,380,000 after acquiring an additional 395,242 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Trinseo during the third quarter worth approximately $2,409,000. Bailard Inc. bought a new stake in shares of Trinseo during the fourth quarter worth approximately $838,000. Finally, Graham Capital Management L.P. bought a new stake in shares of Trinseo during the third quarter worth approximately $669,000. Institutional investors own 82.69% of the company’s stock.

Trinseo Stock Performance

NYSE:TSE traded up $0.02 during mid-day trading on Monday, hitting $2.83. 234,155 shares of the stock were exchanged, compared to its average volume of 381,124. The firm’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $5.57. The stock has a market capitalization of $99.80 million, a price-to-earnings ratio of -0.14 and a beta of 1.54. Trinseo PLC has a fifty-two week low of $2.61 and a fifty-two week high of $18.71.

Trinseo (NYSE:TSE) last announced its earnings results on Monday, February 12th. The basic materials company reported ($2.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.51) by ($1.48). Trinseo had a negative net margin of 19.08% and a negative return on equity of 905.55%. The business had revenue of $837.50 million during the quarter, compared to the consensus estimate of $884.14 million. During the same period in the previous year, the firm posted ($1.72) EPS. On average, analysts predict that Trinseo PLC will post -4.91 EPS for the current fiscal year.

Trinseo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.41%. Trinseo’s dividend payout ratio is presently -0.20%.

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.