Alps Advisors Inc. Acquires New Holdings in Schweitzer-Mauduit International, Inc. (SWM)
Alps Advisors Inc. acquired a new position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 10,601 shares of the company’s stock, valued at approximately $410,000.
A number of other hedge funds also recently bought and sold shares of SWM. ETF Managers Group LLC bought a new stake in Schweitzer-Mauduit International in the fourth quarter worth about $9,150,000. Two Sigma Investments LP bought a new stake in Schweitzer-Mauduit International in the fourth quarter worth about $4,423,000. Barclays PLC raised its position in Schweitzer-Mauduit International by 140.4% in the fourth quarter. Barclays PLC now owns 249,893 shares of the company’s stock worth $6,259,000 after acquiring an additional 145,923 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Schweitzer-Mauduit International by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock worth $41,443,000 after acquiring an additional 139,487 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Schweitzer-Mauduit International in the fourth quarter worth about $3,072,000. 89.96% of the stock is owned by institutional investors and hedge funds.
Shares of Schweitzer-Mauduit International stock opened at $31.48 on Thursday. The company has a current ratio of 3.08, a quick ratio of 1.97 and a debt-to-equity ratio of 1.10. Schweitzer-Mauduit International, Inc. has a 52 week low of $24.35 and a 52 week high of $45.48. The stock has a market capitalization of $950.56 million, a price-to-earnings ratio of 9.05 and a beta of 1.62.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Thursday, May 23rd. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is presently 50.57%.
Several equities research analysts have commented on the stock. TheStreet upgraded shares of Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a research report on Friday, February 22nd. Zacks Investment Research cut shares of Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.
In other Schweitzer-Mauduit International news, EVP Michel Fievez sold 20,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $39.81, for a total value of $796,200.00. Following the sale, the executive vice president now directly owns 66,113 shares in the company, valued at $2,631,958.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.
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About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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