Barclays PLC Sells 143,651 Shares of Trinseo PLC (NYSE:TSE)

Barclays PLC lessened its stake in Trinseo PLC (NYSE:TSE - Free Report) by 81.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,566 shares of the basic materials company's stock after selling 143,651 shares during the quarter. Barclays PLC owned approximately 0.09% of Trinseo worth $167,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TSE. PFG Investments LLC bought a new stake in shares of Trinseo in the third quarter valued at approximately $52,000. Mercer Global Advisors Inc. ADV purchased a new stake in Trinseo during the 2nd quarter worth about $25,000. Ground Swell Capital LLC bought a new position in Trinseo in the 2nd quarter worth about $29,000. Meeder Asset Management Inc. purchased a new position in Trinseo during the 2nd quarter valued at about $37,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Trinseo during the second quarter valued at about $55,000. Hedge funds and other institutional investors own 82.69% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Trinseo from a "sell" rating to a "hold" rating in a report on Thursday, October 10th.

Trinseo Price Performance

TSE stock traded down $0.38 during midday trading on Wednesday, reaching $4.65. The company had a trading volume of 446,143 shares, compared to its average volume of 326,509. The firm has a 50-day moving average price of $4.56 and a 200-day moving average price of $4.10. The company has a market capitalization of $164.62 million, a P/E ratio of -0.33 and a beta of 1.57. Trinseo PLC has a 1 year low of $1.93 and a 1 year high of $7.15.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.86%. Trinseo's dividend payout ratio is presently -0.28%.

Trinseo 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.