The stock is trading at $39.30 quite a bit above the 50 day moving average of $35.21 and quite a bit higher than the 200 day moving average of $30.88. The 50 day moving average went up $4.09 or +11.60% and the 200 day average went up $8.42 or +27.27%. 284K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 36.07% over the normal average daily volume.
Investors are feeling more bearish on shares of the company recently if you evaluate the change in short interest. The company recorded a rise in short interest of 4.93% between September 29, 2017 and October 13, 2017. Short shares increased from 755,486 to 792,766 over that period. With short interest at 792,766 and short average daily volume at 223,640, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.03% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Aperio Group, LLC had bought a total of 64 shares growing its stake by 0.6%. The value in dollars went from $322,000 to $346,000 a change of $24,000 since the last quarter. As of the end of the quarter Parkside Financial Bank & Trust had disposed of 3 shares trimming its position 13.0%. The value of the investment in A. Schulman, Inc. decreased from $1,000 to $1,000 decreasing 0.0% for the reporting period.
As of quarter end Peregrine Capital Management LLC had acquired a total of 73,154 shares growing its holdings by 28.3%. The value of the total investment in A. Schulman, Inc. increased from $8,262,000 to $11,315,000 a change of 37.0% quarter over quarter. As of the end of the quarter First Trust Advisors Lp had bought a total of 15,740 shares growing its position 107.0%. The value of the investment in SHLM increased from $471,000 to $1,040,000 increasing 120.8% quarter to quarter.
On August 25 the stock rating was upgraded to “Buy” from “Buy” by Longbow Research.
The company is now up by 2.34% percent from yesterday’s close. A. Schulman, Inc. announced a dividend that was paid on Wednesday the 1st of November 2017. The dividend payment was $0.205 per share for the quarter which is $0.82 annualized. This dividend amount represented a yield of $2.22. The ex-dividend date was Monday the 23rd of October 2017.
As of the latest earnings report the EPS was $-12.49 and is estimated to be $2.47 for the current year with 29,420,000 shares outstanding. Next quarter’s EPS is expected be $0.40 and the next full year EPS is anticipated to be $2.66.
A. Schulman, Inc., launched on August 20, 1969, is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Business’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. The Business’s segments include Europe, Middle East and Africa (EMEA), the United States and Canada (USCAN), Latin America (LATAM), Asia Pacific (APAC) and Engineered Composites (EC). As of August 31, 2016, the Company operated in six product families, including custom performance colors (CPC), engineered composites, Masterbatch solutions, engineered plastics, specialty powders and distribution services..