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Unusual trade of put options at Trinseo (TSE) worth $37.79,000

ProDentim

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On April 28, 2023 at 09:44:24 ET, an unusually large $37.79,000 block of Put contracts at Trinseo (TSE) was purchased, with a strike price of $15.00/share, expiring in 21 day(s) (May 19, 2023).

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 461 funds or institutions reporting positions in Trinseo. This is an increase of 143 owner(s) or 44.97% in the last quarter. Average portfolio weight of all funds dedicated to TSE is 0.09%, an increase of 59.21%. The total number of shares held by institutions has increased over the past three months by 10.71% to 37,493,000 shares. TSE’s put/call ratio is 0.80, indicating a bullish outlook.

Analysts’ price forecast suggests a 56.12% rise

As of April 24, 2023, the one-year average price target for Trinseo was $27.54. The predictions range from a low of $20.20 to a high of $36.75. The average price target represents a 56.12% increase from its last reported closing price of $17.64.

Check out our ranking of companies with the biggest upward price target.

Trinseo’s expected annual revenue is $4,863 million, down 2.06%. Projected non-GAAP annual EPS is $1.67.

What are the other shareholders doing?

TSE / Trinseo PLC shares held by institutions

TPSC – Timothy Plan US Small Cap Core ETF holds 5,000 shares representing 0.02% ownership of the company. In its previous filing, the company said it held 2,000 shares, representing a raise of 55.59%. The company increase its portfolio allocation in TSE of 116.21% in the last quarter.

PRF – Invesco FTSE RAFI US 1000 ETF holds 18,000 shares representing 0.05% ownership of the company. In its previous filing, the company said it held 18,000 shares, representing a raise of 1.58%. The company increase its portfolio allocation in TSE of 39.59% over the last quarter.

BlackRock Variable Series Funds, Inc. – BlackRock Small Cap Index VI Fund Class I owns 4,000 shares representing 0.01% ownership of the company. No change in the last quarter.

Trexquant Investment holds 16,000 shares representing 0.05% ownership of the company. In its previous filing, the company said it held 10,000 shares, representing a raise of 34.99%. The company increase its portfolio allocation in TSE of 53.37% in the last quarter.

DISSX – BNY Mellon Smallcap Stock Index Fund Investor Shares owns 51,000 shares representing 0.14% ownership of the company. In its previous filing, the company said it held 54,000 shares, representing a decrease of 6.56%. The company increase its portfolio allocation in TSE of 39.04% in the last quarter.

Trinseo declares a dividend of $0.14

On February 23, 2023, the company declared a regular quarterly dividend of $0.14 per share ($0.56 annualized). Shareholders of record on April 6, 2023 received payment on April 20, 2023. Previously, the company paid $0.32 per share.

At the current share price of $17.64/share, the stock’s dividend yield is 3.17%. Looking back five years and taking a sample each week, the average dividend yield was 3.67%, the low 0.44% and the high 10.55%. The standard deviation of returns is 2.17 (n=237).

The current dividend yield is 0.23 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is -0.10. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is -0.20%.

General information about Trinseo
(This description is provided by the company.)

Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber focused on delivering innovative, sustainable and value-creating products that are intrinsic to our daily lives. . By partnering with like-minded stakeholders, Trinseo is committed to positively impacting society by supporting our customers’ sustainability goals across a wide range of end markets including automotive, consumer electronics, household appliances, medical devices, packaging, footwear, carpets. , paper and cardboard, building and construction, and tires. Trinseo had net sales of approximately $3.8 billion with 2,700 employees worldwide in 2019.

View all Trinseo regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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