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

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

A number of other institutional investors have also recently bought and sold shares of TSE. Charles Schwab Investment Management Inc. increased its stake in shares of Trinseo by 21.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,203,567 shares of the basic materials company’s stock worth $9,833,000 after acquiring an additional 210,857 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Trinseo during the 3rd quarter worth about $669,000. Barclays PLC raised its stake in shares of Trinseo by 35.4% during the 3rd quarter. Barclays PLC now owns 32,501 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 8,497 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Trinseo by 125.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 67,199 shares of the basic materials company’s stock valued at $549,000 after buying an additional 37,379 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Trinseo in the third quarter worth approximately $2,409,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Trading Up 0.7 %

NYSE TSE traded up $0.02 during trading on Monday, reaching $2.83. The company’s stock had a trading volume of 234,155 shares, compared to its average volume of 381,124. The business has a 50-day moving average price of $3.86 and a 200-day moving average price of $5.57. Trinseo PLC has a 1-year low of $2.61 and a 1-year high of $18.71. The stock has a market capitalization of $99.80 million, a PE ratio of -0.14 and a beta of 1.54.

Trinseo (NYSE:TSE) last posted its earnings results on Monday, February 12th. The basic materials company reported ($2.99) earnings per share for the quarter, missing the consensus estimate of ($1.51) by ($1.48). The company had revenue of $837.50 million for the quarter, compared to the consensus estimate of $884.14 million. Trinseo had a negative net margin of 19.08% and a negative return on equity of 905.55%. During the same quarter last year, the business earned ($1.72) earnings per share. As a group, analysts expect that Trinseo PLC will post -4.91 earnings per share for the current year.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Wednesday, April 3rd. Trinseo’s payout ratio is -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.