Alpine Associates Management Inc. Purchases New Holdings in A Schulman Inc (SHLM)

Alpine Associates Management Inc. bought a new stake in A Schulman Inc (NASDAQ:SHLM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 488,400 shares of the basic materials company’s stock, valued at approximately $21,001,000. A Schulman accounts for about 0.7% of Alpine Associates Management Inc.’s portfolio, making the stock its 24th biggest position. Alpine Associates Management Inc. owned about 1.65% of A Schulman at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. raised its stake in shares of A Schulman by 79.5% in the fourth quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 1,445 shares during the period. SG Americas Securities LLC purchased a new position in A Schulman in the 1st quarter worth about $264,000. Koch Industries Inc. purchased a new position in A Schulman in the 4th quarter worth about $232,000. Investors Research Corp purchased a new position in A Schulman in the 4th quarter worth about $264,000. Finally, Crossmark Global Holdings Inc. increased its stake in A Schulman by 30.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,708 shares of the basic materials company’s stock worth $287,000 after buying an additional 1,789 shares during the period. 87.68% of the stock is currently owned by institutional investors and hedge funds.

A Schulman stock remained flat at $$44.25 during midday trading on Thursday. 135,434 shares of the company’s stock traded hands, compared to its average volume of 350,731. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 4.15. A Schulman Inc has a one year low of $25.00 and a one year high of $44.63. The company has a market cap of $1.31 billion, a PE ratio of 25.29 and a beta of 1.34.

A Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, March 28th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.47). A Schulman had a return on equity of 20.83% and a net margin of 1.74%. The business had revenue of $650.10 million for the quarter, compared to the consensus estimate of $646.57 million. research analysts predict that A Schulman Inc will post 2.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Friday, July 13th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.85%. A Schulman’s payout ratio is 46.86%.

Several research firms recently commented on SHLM. Zacks Investment Research raised shares of A Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. BidaskClub raised shares of A Schulman from a “hold” rating to a “buy” rating in a research note on Wednesday, March 21st. TheStreet downgraded shares of A Schulman from a “b-” rating to a “c” rating in a research note on Wednesday, April 11th. Longbow Research downgraded shares of A Schulman from a “buy” rating to a “neutral” rating in a research note on Friday, February 16th. Finally, Gabelli downgraded shares of A Schulman from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $41.00.

About A Schulman

A. Schulman, Inc manufactures and supplies plastic compounds and resins. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. The company also provides engineered composites, such as bulk molding compounds, sheet molding compounds, and thick molding compounds, as well as high performance engineered structural composite solutions for original equipment manufacturers and custom molders.

Institutional Ownership by Quarter for A Schulman (NASDAQ:SHLM)

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