Polar Asset Management Partners Inc. Makes New $4.13 Million Investment in Huntsman Corporation $HUN

Polar Asset Management Partners Inc. purchased a new stake in Huntsman Corporation (NYSE:HUN) during the second quarter, Holdings Channel reports. The firm purchased 389,045 shares of the basic materials company’s stock, valued at approximately $4,132,000.

Several other large investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Huntsman by 166.7% during the second quarter. Versant Capital Management Inc now owns 2,672 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,670 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Huntsman during the second quarter worth $45,000. Allworth Financial LP purchased a new stake in shares of Huntsman during the 2nd quarter valued at $52,000. Advisory Services Network LLC acquired a new stake in shares of Huntsman in the 3rd quarter worth $58,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Huntsman by 121.7% in 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 purchasing an additional 3,706 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Insider Transactions at Huntsman

In other Huntsman news, CEO Peter R. Huntsman acquired 100,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $981,000.00. Following the purchase, the chief executive officer owned 7,256,341 shares in the company, valued at approximately $71,184,705.21. The trade was a 1.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company’s stock.

Huntsman Stock Down 0.5%

Shares of HUN stock opened at $9.56 on Wednesday. Huntsman Corporation has a fifty-two week low of $7.30 and a fifty-two week high of $16.08. The firm has a market capitalization of $1.68 billion, a PE ratio of -9.19 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’s 50-day simple moving average is $11.08 and its 200-day simple moving average is $12.61.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 dividend on an annualized basis and a yield of 3.7%. Huntsman’s dividend payout ratio (DPR) is currently -33.65%.

Wall Street Analyst Weigh In

HUN has been the topic of several recent analyst reports. UBS Group reduced their target price on Huntsman from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Bank of America raised their price target on Huntsman from $10.00 to $11.00 and gave the stock an “underperform” rating in a report on Tuesday, June 30th. Weiss Ratings lowered Huntsman from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Wells Fargo & Company cut their price objective on shares of Huntsman from $14.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Finally, Citigroup increased their price objective on shares of Huntsman from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Huntsman Profile

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.