WBI Investments Inc. reduced its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 69.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,065 shares of the company’s stock after selling 16,246 shares during the quarter. WBI Investments Inc.’s holdings in Schweitzer-Mauduit International were worth $285,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of SWM. Eagle Bay Advisors LLC bought a new position in Schweitzer-Mauduit International in the second quarter valued at about $33,000. Ameriprise Financial Inc. boosted its position in shares of Schweitzer-Mauduit International by 9.1% in the 1st quarter. Ameriprise Financial Inc. now owns 148,500 shares of the company’s stock worth $7,272,000 after purchasing an additional 12,363 shares during the last quarter. Barclays PLC grew its stake in shares of Schweitzer-Mauduit International by 14.5% during the first quarter. Barclays PLC now owns 43,823 shares of the company’s stock worth $2,147,000 after purchasing an additional 5,537 shares during the period. Deprince Race & Zollo Inc. increased its holdings in Schweitzer-Mauduit International by 11.5% in the first quarter. Deprince Race & Zollo Inc. now owns 191,022 shares of the company’s stock valued at $9,354,000 after purchasing an additional 19,770 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Schweitzer-Mauduit International by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 15,973 shares of the company’s stock valued at $645,000 after buying an additional 1,258 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.
NYSE:SWM opened at $36.82 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 18.41 and a beta of 1.13. The company has a current ratio of 2.37, a quick ratio of 1.36 and a debt-to-equity ratio of 1.93. The stock has a 50-day moving average price of $36.52 and a two-hundred day moving average price of $40.80. Schweitzer-Mauduit International, Inc. has a 1 year low of $30.65 and a 1 year high of $50.78.
The company also recently declared a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, August 20th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Thursday, August 19th. Schweitzer-Mauduit International’s dividend payout ratio is 47.83%.
Separately, TheStreet cut shares of Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a report on Friday, August 6th.
Schweitzer-Mauduit International Profile
Schweitzer-Mauduit International, Inc engages in the provision of performance materials, including papers, nets and films. It operates through the Engineered Papers and Advanced Materials and Structures segments. The Engineered Papers segment manufactures lightweight specialty papers used in manufacturing banded papers used in the production of lower ignition propensity, cigarettes, and premium specialized papers such as low volume specialized commercial and industrial commodity paper grades.
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