Cornercap Investment Counsel Inc. lessened its holdings in shares of Trinseo PLC (NYSE:TSE – Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,442 shares of the basic materials company’s stock after selling 4,638 shares during the period. Cornercap Investment Counsel Inc. owned 0.25% of Trinseo worth $724,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Trinseo by 415.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,617 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Trinseo in the 4th quarter worth approximately $32,000. Quarry LP acquired a new stake in shares of Trinseo in the 1st quarter worth approximately $34,000. Lazard Asset Management LLC acquired a new stake in shares of Trinseo in the 3rd quarter worth approximately $48,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Trinseo by 43.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,131 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 1,844 shares during the period. Institutional investors own 82.69% of the company’s stock.
Trinseo Stock Performance
Shares of NYSE:TSE opened at $2.94 on Tuesday. Trinseo PLC has a 52 week low of $2.87 and a 52 week high of $21.07. The firm has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $5.86.
Trinseo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.04 annualized dividend and a dividend yield of 1.36%. Trinseo’s dividend payout ratio (DPR) is -0.20%.
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.
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