Trading Report: Today: A. Schulman Inc. (SHLM) Plans Quarterly Dividend of $0.21

Today: A. Schulman Inc. (SHLM) Plans Quarterly Dividend of $0.21

A. Schulman Inc. (NASDAQ:SHLM) announced a quarterly dividend on Friday, October 14th. Investors of record on Monday, October 24th will be paid a dividend of 0.205 per share on Friday, November 4th. This represents a $0.82 dividend on an annualized basis and a yield of 2.94%.

Shares of A. Schulman (NASDAQ:SHLM) opened at 27.91 on Monday. The firm has a market cap of $818.85 million, a P/E ratio of 19.37 and a beta of 1.74. A. Schulman has a 12 month low of $19.58 and a 12 month high of $39.05. The company’s 50-day moving average price is $27.67 and its 200-day moving average price is $26.46.

In related news, Director James A. Mitarotonda bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was bought at an average cost of $21.95 per share, for a total transaction of $1,097,500.00. Following the completion of the transaction, the director now owns 30,426 shares of the company’s stock, valued at $667,850.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Mitarotonda bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was bought at an average price of $24.38 per share, with a total value of $609,500.00. Following the completion of the transaction, the director now directly owns 30,426 shares of the company’s stock, valued at approximately $741,785.88. The disclosure for this purchase can be found here. Insiders own 3.44% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System raised its position in shares of A. Schulman by 1.3% in the second quarter. Arizona State Retirement System now owns 15,154 shares of the company’s stock valued at $370,000 after buying an additional 200 shares during the period. Westwood Holdings Group Inc. raised its position in shares of A. Schulman by 9.4% in the second quarter. Westwood Holdings Group Inc. now owns 457,681 shares of the company’s stock valued at $11,176,000 after buying an additional 39,200 shares during the period. Paloma Partners Management Co bought a new position in shares of A. Schulman during the second quarter valued at about $485,000. A.R.T. Advisors LLC bought a new position in shares of A. Schulman during the second quarter valued at about $223,000. Finally, Guggenheim Capital LLC raised its position in shares of A. Schulman by 0.5% in the second quarter. Guggenheim Capital LLC now owns 88,100 shares of the company’s stock valued at $2,151,000 after buying an additional 401 shares during the period. Institutional investors own 89.36% of the company’s stock.

A number of equities research analysts have issued reports on SHLM shares. Zacks Investment Research raised shares of A. Schulman from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, June 23rd. TheStreet raised shares of A. Schulman from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Longbow Research cut shares of A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. Gabelli cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Finally, Northcoast Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. A. Schulman currently has an average rating of “Hold” and a consensus price target of $35.40.

A. Schulman Company Profile

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