A. Schulman Inc. (NASDAQ:SHLM) announced a quarterly dividend on Friday, October 14th. Shareholders of record on Monday, October 24th will be paid a dividend of 0.205 per share on Friday, November 4th. This represents a $0.82 annualized dividend and a yield of 2.94%.

Shares of A. Schulman (NASDAQ:SHLM) traded down 1.03% during mid-day trading on Friday, reaching $27.91. The company’s stock had a trading volume of 113,118 shares. A. Schulman has a 12 month low of $19.58 and a 12 month high of $39.05. The stock has a market capitalization of $818.85 million, a P/E ratio of 19.37 and a beta of 1.74. The company has a 50 day moving average price of $27.57 and a 200 day moving average price of $26.44.

Dividend History for A. Schulman (NASDAQ:SHLM)

Several analysts recently issued reports on the company. TheStreet lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Gabelli lowered A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Longbow Research lowered A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. Zacks Investment Research upgraded A. Schulman from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, June 23rd. Finally, Northcoast Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, August 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.40.

In related news, Director James A. Mitarotonda bought 25,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average cost of $24.38 per share, for a total transaction of $609,500.00. Following the completion of the acquisition, the director now directly owns 30,426 shares in the company, valued at $741,785.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James A. Mitarotonda bought 50,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were bought at an average price of $21.95 per share, for a total transaction of $1,097,500.00. Following the completion of the acquisition, the director now owns 30,426 shares of the company’s stock, valued at $667,850.70. The disclosure for this purchase can be found here. Company insiders own 3.44% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in A. Schulman by 313.9% in the second quarter. BlackRock Inc. now owns 8,112 shares of the company’s stock valued at $198,000 after buying an additional 6,152 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of A. Schulman during the second quarter valued at about $223,000. Profund Advisors LLC increased its stake in shares of A. Schulman by 4.8% in the second quarter. Profund Advisors LLC now owns 9,476 shares of the company’s stock valued at $231,000 after buying an additional 436 shares in the last quarter. Laurion Capital Management LP acquired a new stake in shares of A. Schulman during the second quarter valued at about $237,000. Finally, BlackRock Advisors LLC increased its stake in shares of A. Schulman by 3.0% in the second quarter. BlackRock Advisors LLC now owns 14,024 shares of the company’s stock valued at $342,000 after buying an additional 407 shares in the last quarter. Institutional investors own 89.36% of the company’s stock.

A. Schulman Company Profile

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

5 Day Chart for NASDAQ:SHLM

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