Yorktown Management & Research Co Inc grew its holdings in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 241.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,000 shares of the company’s stock after purchasing an additional 20,500 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Schweitzer-Mauduit International were worth $1,315,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Schweitzer-Mauduit International by 1.7% in the fourth quarter. BlackRock Inc. now owns 3,912,649 shares of the company’s stock valued at $177,477,000 after purchasing an additional 66,939 shares during the last quarter. Cooke & Bieler LP boosted its position in Schweitzer-Mauduit International by 6.2% during the fourth quarter. Cooke & Bieler LP now owns 1,712,526 shares of the company’s stock worth $77,680,000 after acquiring an additional 100,368 shares during the last quarter. LSV Asset Management boosted its position in Schweitzer-Mauduit International by 1.2% during the fourth quarter. LSV Asset Management now owns 1,667,473 shares of the company’s stock worth $75,636,000 after acquiring an additional 19,800 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Schweitzer-Mauduit International by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,374,763 shares of the company’s stock worth $56,998,000 after acquiring an additional 40,706 shares during the last quarter. Finally, Boston Partners boosted its position in Schweitzer-Mauduit International by 21.0% during the fourth quarter. Boston Partners now owns 1,112,199 shares of the company’s stock worth $50,449,000 after acquiring an additional 192,842 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.
Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) traded up $0.07 on Thursday, hitting $38.85. 10,110 shares of the company’s stock were exchanged, compared to its average volume of 155,964. The firm has a market cap of $1,231.01, a price-to-earnings ratio of 35.01, a PEG ratio of 2.37 and a beta of 1.27. Schweitzer-Mauduit International, Inc. has a 52 week low of $36.26 and a 52 week high of $48.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.51 and a current ratio of 2.36.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Thursday, March 1st. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.38. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is currently 153.57%.
Separately, Zacks Investment Research lowered shares of Schweitzer-Mauduit International from a “buy” rating to a “hold” rating in a research report on Friday, January 5th.
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Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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