Bailard Inc. Acquires New Shares in Trinseo PLC (NYSE:TSE)

Bailard Inc. purchased a new stake in shares of Trinseo PLC (NYSE:TSE) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 100,120 shares of the basic materials company’s stock, valued at approximately $838,000.

A number of other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Trinseo by 43.0% in the third 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Trinseo by 415.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 2,617 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Trinseo during the fourth quarter valued at about $40,000. Barclays PLC raised its stake in shares of Trinseo by 35.4% during the third quarter. Barclays PLC now owns 32,501 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 8,497 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Trinseo during the third quarter valued at about $69,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

Trinseo Trading Up 2.9 %

Shares of NYSE TSE opened at $2.81 on Friday. Trinseo PLC has a 1 year low of $2.61 and a 1 year high of $18.71. The company’s 50-day moving average is $3.90 and its 200 day moving average is $5.61.

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

Trinseo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Wednesday, April 3rd. 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.