Teton Advisors Inc. Decreases Stake in A Schulman Inc (SHLM)
Teton Advisors Inc. lowered its stake in shares of A Schulman Inc (NASDAQ:SHLM) by 19.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 80,300 shares of the basic materials company’s stock after selling 20,000 shares during the quarter. Teton Advisors Inc.’s holdings in A Schulman were worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in SHLM. Vanguard Group Inc. boosted its position in A Schulman by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after purchasing an additional 231,248 shares during the period. Koch Industries Inc. acquired a new position in A Schulman during the 2nd quarter valued at approximately $217,000. Goldman Sachs Group Inc. boosted its position in A Schulman by 294.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock valued at $8,980,000 after purchasing an additional 209,446 shares during the period. Gamco Investors INC. ET AL boosted its position in A Schulman by 952.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock valued at $6,471,000 after purchasing an additional 171,500 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in A Schulman by 67.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock valued at $12,588,000 after purchasing an additional 158,095 shares during the period. Institutional investors and hedge funds own 78.74% of the company’s stock.
A Schulman Inc (NASDAQ:SHLM) opened at $38.00 on Friday. A Schulman Inc has a 12-month low of $25.00 and a 12-month high of $40.95. The stock has a market capitalization of $1,121.04, a P/E ratio of 30.16, a P/E/G ratio of 1.76 and a beta of 1.52. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.16%. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.
SHLM has been the subject of a number of analyst reports. SunTrust Banks boosted their price objective on A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research lowered A Schulman from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub upgraded A Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, TheStreet upgraded A Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.67.
A Schulman Profile
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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