GHP Investment Advisors Inc. increased its stake in A Schulman Inc (NASDAQ:SHLM) by 21.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,296 shares of the basic materials company’s stock after buying an additional 5,909 shares during the period. GHP Investment Advisors Inc. owned about 0.11% of A Schulman worth $1,047,000 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 the company. Cetera Advisors LLC bought a new position in shares of A Schulman during the third quarter valued at about $332,000. Boston Private Wealth LLC raised its position in shares of A Schulman by 17.2% in the third quarter. Boston Private Wealth LLC now owns 10,434 shares of the basic materials company’s stock valued at $304,000 after buying an additional 1,535 shares during the period. Zacks Investment Management bought a new position in shares of A Schulman during the third quarter valued at about $224,000. Municipal Employees Retirement System of Michigan raised its position in shares of A Schulman by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,630 shares of the basic materials company’s stock valued at $514,000 after buying an additional 110 shares during the period. Finally, Rhumbline Advisers raised its position in shares of A Schulman by 6.5% in the third quarter. Rhumbline Advisers now owns 51,123 shares of the basic materials company’s stock valued at $1,489,000 after buying an additional 3,108 shares during the period. Institutional investors own 92.28% of the company’s stock.
Shares of A Schulman Inc (NASDAQ:SHLM) traded up 1.42% on Friday, reaching $28.60. 168,572 shares of the company traded hands. A Schulman Inc has a 1-year low of $19.58 and a 1-year high of $37.70. The stock has a 50-day moving average price of $30.20 and a 200 day moving average price of $32.45. The firm’s market capitalization is $840.64 million.
A Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Tuesday, April 4th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $574.41 million. A Schulman had a negative net margin of 14.77% and a positive return on equity of 17.93%. A Schulman’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Analysts anticipate that A Schulman Inc will post $2.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, May 1st. Shareholders of record on Friday, April 14th were issued a $0.205 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.91%. A Schulman’s dividend payout ratio is currently -6.53%.
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Separately, Zacks Investment Research upgraded shares of A Schulman from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, March 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.00.
In other A Schulman news, SVP Gustavo S. Perez sold 6,468 shares of A Schulman stock in a transaction on Monday, April 10th. The shares were sold at an average price of $29.78, for a total value of $192,617.04. Following the sale, the senior vice president now directly owns 37,492 shares in the company, valued at approximately $1,116,511.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.08% of the company’s stock.
About A Schulman
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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