BNP Paribas Arbitrage SA reduced its position in shares of A Schulman Inc (NASDAQ:SHLM) by 90.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,812 shares of the basic materials company’s stock after selling 26,522 shares during the period. BNP Paribas Arbitrage SA’s holdings in A Schulman were worth $125,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC acquired a new position in A Schulman during the first quarter worth about $226,000. SG Americas Securities LLC acquired a new position in A Schulman during the first quarter worth about $264,000. Xact Kapitalforvaltning AB acquired a new position in A Schulman during the first quarter worth about $273,000. Pitcairn Co. acquired a new position in A Schulman during the first quarter worth about $308,000. Finally, Bank of Montreal Can acquired a new position in A Schulman during the second quarter worth about $385,000. 88.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. BidaskClub lowered A Schulman from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Zacks Investment Research raised A Schulman from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.00.

Shares of SHLM opened at $44.00 on Wednesday. The stock has a market capitalization of $1.30 billion, a P/E ratio of 25.14 and a beta of 1.33. A Schulman Inc has a 1-year low of $29.30 and a 1-year high of $45.10. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.09 and a current ratio of 1.72.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Investors of record on Friday, July 13th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 1.86%. A Schulman’s dividend payout ratio is currently 46.86%.

A Schulman Profile

A. Schulman, Inc manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as bulk molding compounds, sheet molding compounds, and thick molding compounds, as well as high performance engineered structural composite solutions for original equipment manufacturers and custom molders.

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

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