478,200 Shares in Huntsman Corporation $HUN Acquired by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY bought a new stake in Huntsman Corporation (NYSE:HUN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 478,200 shares of the basic materials company’s stock, valued at approximately $5,078,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,670 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Huntsman in the second quarter valued at $45,000. Allworth Financial LP purchased a new stake in shares of Huntsman in the 2nd quarter valued at $52,000. Advisory Services Network LLC purchased a new stake in shares of Huntsman in the 3rd quarter valued at $58,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Huntsman by 121.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,751 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 3,706 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Wall Street Analyst Weigh In

HUN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Huntsman in a report on Thursday. Mizuho reduced their price target on shares of Huntsman from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group set a $16.00 price objective on shares of Huntsman in a research note on Friday, July 31st. Weiss Ratings cut shares of Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Finally, UBS Group cut their target price on shares of Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.50.

Insider Buying and Selling

In other news, CEO Peter R. Huntsman purchased 100,000 shares of the stock in a transaction on Monday, August 3rd. The stock was bought at an average price of $9.81 per share, for a total transaction of $981,000.00. Following the acquisition, the chief executive officer directly owned 7,256,341 shares of the company’s stock, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.80% of the stock is owned by company insiders.

Huntsman Stock Performance

Shares of HUN opened at $9.61 on Tuesday. Huntsman Corporation has a 1 year low of $7.30 and a 1 year high of $16.08. The stock has a market capitalization of $1.68 billion, a PE ratio of -9.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.78 and a current ratio of 1.33. The stock has a 50-day simple moving average of $11.15 and a 200-day simple moving average of $12.64.

Huntsman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0875 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.6%. Huntsman’s payout ratio is currently -33.65%.

About Huntsman

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.