Foundry Partners LLC Increases Stake in A. Schulman, Inc. (SHLM)
Foundry Partners LLC increased its stake in A. Schulman, Inc. (NASDAQ:SHLM) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,948 shares of the basic materials company’s stock after buying an additional 53,717 shares during the period. Foundry Partners LLC’s holdings in A. Schulman were worth $10,110,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of SHLM. Schwab Charles Investment Management Inc. increased its stake in A. Schulman by 21.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,099 shares of the basic materials company’s stock valued at $11,076,000 after buying an additional 60,616 shares during the last quarter. Trexquant Investment LP increased its stake in A. Schulman by 235.1% in the second quarter. Trexquant Investment LP now owns 33,842 shares of the basic materials company’s stock valued at $1,083,000 after buying an additional 23,742 shares during the last quarter. Beach Investment Management LLC. bought a new stake in A. Schulman during the second quarter valued at approximately $355,000. Sei Investments Co. increased its stake in A. Schulman by 1,539.0% in the second quarter. Sei Investments Co. now owns 8,162 shares of the basic materials company’s stock valued at $261,000 after buying an additional 7,664 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in A. Schulman by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,486 shares of the basic materials company’s stock valued at $688,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 87.38% of the company’s stock.
A. Schulman, Inc. (NASDAQ:SHLM) opened at 26.85 on Friday. A. Schulman, Inc. has a 52-week low of $21.50 and a 52-week high of $37.70. The company’s 50-day moving average is $28.37 and its 200-day moving average is $30.59. The firm’s market capitalization is $789.93 million.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $645.80 million for the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. On average, analysts predict that A. Schulman, Inc. will post $1.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, July 12th. A. Schulman’s dividend payout ratio is currently -6.56%.
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Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub downgraded shares of A. Schulman from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock 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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