Meeder Asset Management Inc. Purchases Shares of 16,116 Trinseo PLC (NYSE:TSE)

Meeder Asset Management Inc. acquired a new position in shares of Trinseo PLC (NYSE:TSE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,116 shares of the basic materials company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ground Swell Capital LLC bought a new position in shares of Trinseo in the second quarter worth about $29,000. Acadian Asset Management LLC increased its position in Trinseo by 38.9% in the 2nd quarter. Acadian Asset Management LLC now owns 114,500 shares of the basic materials company’s stock worth $263,000 after buying an additional 32,092 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Trinseo by 388.0% during the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock worth $983,000 after buying an additional 338,318 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Trinseo in the second quarter valued at approximately $133,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Trinseo in the second quarter worth $56,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Trading Up 17.0 %

Shares of TSE stock opened at $4.12 on Monday. Trinseo PLC has a 12 month low of $1.93 and a 12 month high of $9.37. The company has a market capitalization of $145.68 million, a P/E ratio of -0.20 and a beta of 1.63. The stock has a 50 day moving average of $3.14 and a two-hundred day moving average of $3.27.

Trinseo (NYSE:TSE) last issued its earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The firm had revenue of $920.00 million during the quarter, compared to the consensus estimate of $958.16 million. Trinseo had a negative return on equity of 905.55% and a negative net margin of 12.62%. During the same period last year, the business earned ($1.92) earnings per share. Sell-side analysts predict that Trinseo PLC will post -6.73 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, July 8th. Trinseo’s dividend payout ratio (DPR) is presently -0.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th.

Insider Buying and Selling at Trinseo

In related news, Director Jeffrey J. Cote bought 100,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $2.81 per share, with a total value of $281,000.00. Following the acquisition, the director now owns 100,000 shares in the company, valued at approximately $281,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Trinseo news, Director Jeffrey J. Cote purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $2.81 per share, for a total transaction of $281,000.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at $281,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Angelo N. Chaclas acquired 75,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $2.57 per share, with a total value of $192,750.00. Following the transaction, the senior vice president now owns 207,007 shares in the company, valued at approximately $532,007.99. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 265,600 shares of company stock valued at $748,084. 2.50% of the stock is currently owned by corporate insiders.

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.