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.

Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.10). Schweitzer-Mauduit International had a return on equity of 18.45% and a net margin of 8.81%. The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $274.50 million. During the same quarter last year, the firm posted $0.83 earnings per share. Schweitzer-Mauduit International’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts predict that Schweitzer-Mauduit International, Inc. will post 3.45 earnings per share for the current year.

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.

Read More: Balance Sheet

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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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