Silver Capital Management LLC lowered its holdings in A Schulman Inc (NASDAQ:SHLM) by 14.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,530 shares of the basic materials company’s stock after selling 3,200 shares during the period. A Schulman comprises 2.5% of Silver Capital Management LLC’s holdings, making the stock its 15th biggest holding. Silver Capital Management LLC owned about 0.06% of A Schulman worth $689,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of A Schulman in the 3rd quarter worth approximately $111,000. PNC Financial Services Group Inc. increased its position in shares of A Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 50 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in shares of A Schulman in the fourth quarter worth approximately $206,000. Crossmark Global Holdings Inc. purchased a new position in shares of A Schulman in the third quarter worth approximately $202,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in shares of A Schulman in the third quarter worth approximately $205,000. 78.26% of the stock is currently owned by institutional investors.
A Schulman Inc (NASDAQ SHLM) traded up $0.25 during midday trading on Wednesday, reaching $37.15. 190,700 shares of the company’s stock were exchanged, compared to its average volume of 173,001. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.61 and a quick ratio of 0.98. The firm has a market capitalization of $1,088.60, a PE ratio of 20.39, a PEG ratio of 1.71 and a beta of 1.52. A Schulman Inc has a 1 year low of $25.00 and a 1 year high of $40.95.
A Schulman (NASDAQ:SHLM) last posted its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.11. The firm had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $639.10 million. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. analysts expect that A Schulman Inc will post 2.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.
Several research analysts have recently weighed in on SHLM shares. Zacks Investment Research raised shares of A Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Saturday, October 21st. SunTrust Banks lifted their target price on shares of A Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, January 8th. TheStreet downgraded shares of A Schulman from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. BidaskClub downgraded shares of A Schulman from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, ValuEngine downgraded shares of A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.67.
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A Schulman Company 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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