Peregrine Capital Management LLC Raises Stake in A. Schulman, Inc. (SHLM)

Peregrine Capital Management LLC increased its position in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 28.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,332 shares of the basic materials company’s stock after acquiring an additional 73,154 shares during the quarter. Peregrine Capital Management LLC owned about 1.13% of A. Schulman worth $11,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHLM. Alliancebernstein L.P. lifted its stake in shares of A. Schulman by 131.1% during the first quarter. Alliancebernstein L.P. now owns 85,005 shares of the basic materials company’s stock valued at $2,673,000 after acquiring an additional 48,230 shares during the period. Principal Financial Group Inc. lifted its stake in shares of A. Schulman by 4.0% during the first quarter. Principal Financial Group Inc. now owns 223,682 shares of the basic materials company’s stock valued at $7,035,000 after acquiring an additional 8,530 shares during the period. Wellington Management Group LLP lifted its stake in shares of A. Schulman by 16.7% during the first quarter. Wellington Management Group LLP now owns 17,535 shares of the basic materials company’s stock valued at $551,000 after acquiring an additional 2,513 shares during the period. Teachers Advisors LLC lifted its stake in shares of A. Schulman by 4.9% during the first quarter. Teachers Advisors LLC now owns 52,344 shares of the basic materials company’s stock valued at $1,646,000 after acquiring an additional 2,468 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of A. Schulman by 4.2% during the first quarter. Legal & General Group Plc now owns 52,952 shares of the basic materials company’s stock valued at $1,665,000 after acquiring an additional 2,143 shares during the period. 84.38% of the stock is currently owned by institutional investors and hedge funds.

SHLM has been the topic of several research reports. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

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A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company had revenue of $646.65 million for the quarter, compared to the consensus estimate of $624.91 million. During the same quarter last year, the business posted $0.47 EPS. A. Schulman’s revenue for the quarter was up 7.0% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s dividend payout ratio (DPR) is 94.25%.

About A. Schulman

A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’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.

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

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