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

Truffle Hound Capital LLC bought a new stake in Trinseo PLC (NYSE:TSE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 350,000 shares of the basic materials company’s stock, valued at approximately $1,785,000. Truffle Hound Capital LLC owned 0.99% of Trinseo as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in Trinseo by 103.2% in the 4th quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company’s stock valued at $40,000 after buying an additional 4,002 shares during the period. SG Americas Securities LLC bought a new position in Trinseo in the 4th quarter valued at about $51,000. Virtu Financial LLC bought a new position in Trinseo in the 4th quarter valued at about $166,000. Whitebox Advisors LLC bought a new position in Trinseo in the 3rd quarter valued at about $200,000. Finally, XTX Topco Ltd increased its holdings in Trinseo by 19.1% in the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after buying an additional 14,180 shares during the period. 82.69% of the stock is owned by institutional investors.

Trinseo Trading Up 3.8 %

Shares of Trinseo stock opened at $4.19 on Friday. The firm has a market capitalization of $148.49 million, a PE ratio of -0.42 and a beta of 1.44. The firm’s 50 day moving average is $4.60 and its 200 day moving average is $4.72. Trinseo PLC has a 1 year low of $1.94 and a 1 year high of $7.05.

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

Trinseo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently -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.