Trinseo PLC (NYSE:TSE) Short Interest Update

Trinseo PLC (NYSE:TSE) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 693,100 shares, a decrease of 18.9% from the September 15th total of 855,000 shares. Based on an average daily volume of 498,500 shares, the short-interest ratio is currently 1.4 days. Approximately 2.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a report on Thursday.

Insider Buying and Selling

In related news, CEO Frank A. Bozich acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $2.57 per share, with a total value of $102,800.00. Following the purchase, the chief executive officer now owns 462,204 shares of the company’s stock, valued at approximately $1,187,864.28. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trinseo news, Director Jeffrey J. Cote purchased 50,600 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $3.39 per share, with a total value of $171,534.00. Following the completion of the transaction, the director now owns 150,600 shares in the company, valued at $510,534. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank A. Bozich acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $2.57 per share, with a total value of $102,800.00. Following the transaction, the chief executive officer now directly owns 462,204 shares in the company, valued at $1,187,864.28. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 265,600 shares of company stock worth $748,084. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Trinseo during the 2nd quarter worth about $55,000. Cubist Systematic Strategies LLC raised its position in Trinseo by 194.0% in the second quarter. Cubist Systematic Strategies LLC now owns 101,614 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 67,054 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Trinseo by 773.5% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 78,162 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 69,214 shares during the period. Algert Global LLC acquired a new stake in Trinseo during the second quarter valued at approximately $77,000. Finally, Squarepoint Ops LLC boosted its holdings in Trinseo by 97.7% during the second quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 63,982 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Trading Up 2.8 %

NYSE:TSE traded up $0.18 during trading hours on Friday, hitting $6.51. 485,188 shares of the company traded hands, compared to its average volume of 536,830. Trinseo has a twelve month low of $1.93 and a twelve month high of $8.83. The firm has a 50-day moving average of $4.25 and a 200 day moving average of $3.43. The stock has a market capitalization of $230.19 million, a price-to-earnings ratio of -0.51 and a beta of 1.63.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.37). The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $958.16 million. During the same period in the prior year, the company earned ($1.92) earnings per share. Equities research analysts predict that Trinseo will post -6.73 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, October 10th. Trinseo’s dividend payout ratio is presently -0.32%.

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.