Truffle Hound Capital LLC Makes New $1.79 Million Investment in Trinseo PLC (NYSE:TSE)

Truffle Hound Capital LLC bought a new position in shares of Trinseo PLC (NYSE:TSE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 350,000 shares of the basic materials company’s stock, valued at approximately $1,785,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Trinseo by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company’s stock worth $2,199,000 after acquiring an additional 40,588 shares during the last quarter. Geode Capital Management LLC grew its holdings in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock worth $1,973,000 after acquiring an additional 14,780 shares during the last quarter. FMR LLC grew its holdings in Trinseo by 21.3% during the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after acquiring an additional 19,477 shares during the last quarter. XTX Topco Ltd grew its holdings in Trinseo by 19.1% during the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock worth $451,000 after acquiring an additional 14,180 shares during the last quarter. Finally, Whitebox Advisors LLC bought a new stake in Trinseo during the 3rd quarter worth approximately $200,000. 82.69% of the stock is owned by institutional investors.

Trinseo Price Performance

TSE opened at $4.19 on Friday. Trinseo PLC has a fifty-two week low of $1.94 and a fifty-two week high of $7.05. The firm has a market capitalization of $148.49 million, a price-to-earnings ratio of -0.42 and a beta of 1.44. The company’s 50 day moving average price is $4.60 and its two-hundred day moving average price is $4.72.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). As a group, equities research analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a $0.01 dividend. The ex-dividend date is Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.96%. Trinseo’s dividend payout ratio (DPR) is currently -0.41%.

Trinseo 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.