Short Interest in A Schulman Inc (SHLM) Expands By 34.3%

A Schulman Inc (NASDAQ:SHLM) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 1,496,096 shares, a growth of 34.3% from the April 30th total of 1,113,995 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 337,319 shares, the days-to-cover ratio is presently 4.4 days.

Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in A Schulman by 4.0% during the 4th quarter. BlackRock Inc. now owns 3,719,877 shares of the basic materials company’s stock worth $138,566,000 after buying an additional 142,687 shares in the last quarter. Quadrature Capital Ltd bought a new stake in A Schulman during the 4th quarter worth about $580,000. Capital Fund Management S.A. lifted its position in A Schulman by 22.4% during the 4th quarter. Capital Fund Management S.A. now owns 8,200 shares of the basic materials company’s stock worth $305,000 after buying an additional 1,500 shares in the last quarter. Swiss National Bank increased its stake in shares of A Schulman by 6.8% during the 4th quarter. Swiss National Bank now owns 51,700 shares of the basic materials company’s stock worth $1,926,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of A Schulman during the 4th quarter worth about $232,000. 87.68% of the stock is currently owned by hedge funds and other institutional investors.

SHLM has been the topic of several research reports. BidaskClub raised shares of A Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. ValuEngine raised shares of A Schulman from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research raised shares of A Schulman from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, March 7th. TheStreet cut shares of A Schulman from a “b-” rating to a “c” rating in a research report on Wednesday, April 11th. Finally, Gabelli cut shares of A Schulman from a “buy” rating to a “hold” rating in a research report 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’s stock. A Schulman currently has an average rating of “Hold” and an average price target of $41.00.

NASDAQ:SHLM traded down $0.03 on Thursday, hitting $44.25. 135,400 shares of the company’s stock were exchanged, compared to its average volume of 350,731. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.79 and a quick ratio of 1.09. A Schulman has a 52 week low of $25.00 and a 52 week high of $44.63. The stock has a market capitalization of $1.31 billion, a PE ratio of 25.29 and a beta of 1.34.

A Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, March 28th. The basic materials company reported ($0.11) EPS for the quarter, missing the 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. analysts anticipate that A Schulman will post 2.15 earnings per share for the current fiscal year.

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

A Schulman Company Profile

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.

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