Walleye Capital LLC Has $176,000 Holdings in Trinseo PLC (NYSE:TSE)

Walleye Capital LLC lessened its stake in Trinseo PLC (NYSE:TSE - Free Report) by 76.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,528 shares of the basic materials company's stock after selling 115,127 shares during the quarter. Walleye Capital LLC owned approximately 0.10% of Trinseo worth $176,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TSE. Vanguard Group Inc. lifted its position in shares of Trinseo by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company's stock worth $4,217,000 after buying an additional 93,050 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Trinseo by 40.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company's stock worth $132,000 after buying an additional 10,036 shares during the period. Red Door Wealth Management LLC bought a new stake in Trinseo in the second quarter valued at $35,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Trinseo during the second quarter valued at $56,000. Finally, Summit Securities Group LLC acquired a new position in Trinseo during the 2nd quarter valued at about $133,000. Institutional investors own 82.69% of the company's stock.

Trinseo Stock Down 6.7 %

TSE stock traded down $0.41 during trading on Thursday, reaching $5.68. 456,513 shares of the company's stock were exchanged, compared to its average volume of 468,368. Trinseo PLC has a 1-year low of $1.93 and a 1-year high of $8.83. The firm has a market cap of $201.08 million, a PE ratio of -0.40 and a beta of 1.62. The company's fifty day moving average price is $4.77 and its 200-day moving average price is $3.82.

Trinseo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.04 annualized dividend and a yield of 0.70%. Trinseo's payout ratio is -0.28%.

Analysts Set New Price Targets

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

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.