Delyle W. Bloomquist Acquires 5,600 Shares of Rayonier Advanced Materials Inc. (RYAM) Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Delyle W. Bloomquist purchased 5,600 shares of Rayonier Advanced Materials stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the transaction, the director now owns 27,904 shares of the company’s stock, valued at $376,145.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Rayonier Advanced Materials Inc. (NYSE RYAM) traded up 2.96% during trading on Friday, reaching $13.90. 581,758 shares of the company traded hands. The company has a 50 day moving average price of $14.77 and a 200 day moving average price of $14.03. The firm has a market capitalization of $601.54 million, a price-to-earnings ratio of 16.71 and a beta of 4.28. Rayonier Advanced Materials Inc. has a 12-month low of $10.37 and a 12-month high of $17.60.

Rayonier Advanced Materials (NYSE:RYAM) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.26 by $0.15. Rayonier Advanced Materials had a return on equity of 24.17% and a net margin of 5.71%. The business had revenue of $201 million for the quarter, compared to analyst estimates of $214 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts predict that Rayonier Advanced Materials Inc. will post $0.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.28 annualized dividend and a yield of 2.01%. Rayonier Advanced Materials’s dividend payout ratio is presently 35.00%.

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Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Rayonier Advanced Materials by 6.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,946 shares of the basic materials company’s stock valued at $110,000 after buying an additional 399 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Rayonier Advanced Materials by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 8,482 shares of the basic materials company’s stock valued at $133,000 after buying an additional 3,702 shares in the last quarter. Mason Street Advisors LLC increased its stake in Rayonier Advanced Materials by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,118 shares of the basic materials company’s stock valued at $136,000 after buying an additional 663 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in Rayonier Advanced Materials during the second quarter valued at approximately $181,000. Finally, Hartford Investment Management Co. increased its stake in Rayonier Advanced Materials by 12.9% in the first quarter. Hartford Investment Management Co. now owns 14,870 shares of the basic materials company’s stock valued at $200,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

RYAM has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Rayonier Advanced Materials from a “d” rating to a “c” rating in a research report on Tuesday, June 13th. Sidoti initiated coverage on shares of Rayonier Advanced Materials in a research report on Thursday. They set a “buy” rating and a $19.00 target price on the stock. Vertical Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research report on Thursday, June 1st. Vertical Group upgraded shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and upped their target price for the stock from $18.00 to $19.00 in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Rayonier Advanced Materials in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.83.

Rayonier Advanced Materials Company Profile

Rayonier Advanced Materials Inc is engaged in the production of cellulose specialties. The Company’s product lines include cellulose specialties and commodity products. Its products are used in manufacturing processes. The Company’s products are sold throughout the world to companies for use in various industrial applications, and to produce a range of products, including cigarette filters, foods, pharmaceuticals, textiles and electronics.

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