Barnett & Company Inc. continued to hold its stake in shares of A. Schulman, Inc. (NASDAQ:SHLM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,210 shares of the basic materials company’s stock at the end of the second quarter. Barnett & Company Inc.’s holdings in A. Schulman were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of A. Schulman by 45,121.7% in the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after buying an additional 3,580,856 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of A. Schulman by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,654,590 shares of the basic materials company’s stock valued at $83,487,000 after buying an additional 156,877 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of A. Schulman by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,060,635 shares of the basic materials company’s stock valued at $33,357,000 after buying an additional 107,495 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of A. Schulman by 11.6% in the first quarter. Deprince Race & Zollo Inc. now owns 963,914 shares of the basic materials company’s stock valued at $30,315,000 after buying an additional 100,150 shares in the last quarter. Finally, State Street Corp raised its stake in shares of A. Schulman by 7.0% in the first quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock valued at $21,367,000 after buying an additional 44,690 shares in the last quarter. 87.38% of the stock is owned by institutional investors and hedge funds.

Shares of A. Schulman, Inc. (SHLM) opened at 26.75 on Monday. A. Schulman, Inc. has a 1-year low of $19.58 and a 1-year high of $37.70. The stock’s 50 day moving average price is $28.96 and its 200-day moving average price is $30.92. The stock’s market cap is $786.99 million.

A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities research analysts forecast that A. Schulman, Inc. will post $1.65 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is -6.56%.

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SHLM has been the subject of several research reports. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

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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Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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