GAMMA Investing LLC acquired a new stake in Trinseo PLC (NYSE:TSE – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,838 shares of the basic materials company’s stock, valued at approximately $40,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Trinseo by 415.4% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trinseo by 43.0% during 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 during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Trinseo in the third quarter worth about $69,000. Perigon Wealth Management LLC purchased a new position in Trinseo in the fourth quarter valued at about $92,000. Finally, CTC Alternative Strategies Ltd. acquired a new stake in Trinseo during the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 82.69% of the company’s stock.
Trinseo Stock Up 6.4 %
Shares of TSE opened at $3.00 on Friday. The business’s 50 day moving average is $3.73 and its two-hundred day moving average is $5.47. Trinseo PLC has a 52-week low of $2.59 and a 52-week high of $18.68.
Trinseo Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $0.01 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.33%. Trinseo’s dividend payout ratio (DPR) is -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.
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