CastleKnight Management LP Has $12.65 Million Position in Trinseo PLC (NYSE:TSE)

CastleKnight Management LP lifted its holdings in Trinseo PLC (NYSE:TSE) by 128.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,479,618 shares of the basic materials company’s stock after purchasing an additional 1,392,476 shares during the quarter. Trinseo comprises 0.4% of CastleKnight Management LP’s holdings, making the stock its 27th biggest position. CastleKnight Management LP owned approximately 7.00% of Trinseo worth $12,646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSE. Covestor Ltd acquired a new position in Trinseo during the fourth quarter valued at approximately $36,000. Rhumbline Advisers raised its position in shares of Trinseo by 103.2% during the 4th quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company’s stock valued at $40,000 after buying an additional 4,002 shares in the last quarter. SG Americas Securities LLC bought a new stake in Trinseo during the 4th quarter valued at $51,000. BNP Paribas Financial Markets purchased a new stake in Trinseo in the fourth quarter worth about $74,000. Finally, Quarry LP purchased a new stake in Trinseo in the fourth quarter worth approximately $79,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Stock Performance

Shares of NYSE TSE opened at $4.26 on Tuesday. The business’s 50 day moving average price is $3.90 and its 200-day moving average price is $4.38. The company has a market cap of $151.69 million, a price-to-earnings ratio of -0.43 and a beta of 1.54. Trinseo PLC has a fifty-two week low of $1.94 and a fifty-two week high of $7.05.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37). Sell-side analysts predict that Trinseo PLC will post -3.88 earnings per share for the current year.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, April 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.94%. Trinseo’s dividend payout ratio (DPR) is -0.41%.

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.