Schweitzer-Mauduit International, Inc. (NYSE:SWM) Sees Significant Increase in Short Interest

Posted by on Nov 15th, 2019 // Comments off

Schweitzer-Mauduit International, Inc. (NYSE:SWM) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 783,600 shares, an increase of 12.1% from the September 30th total of 699,000 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 157,100 shares, the short-interest ratio is currently 5.0 days.

SWM has been the topic of several recent research reports. ValuEngine upgraded Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Sidoti initiated coverage on Schweitzer-Mauduit International in a report on Wednesday, October 23rd. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating on shares of Schweitzer-Mauduit International in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.00.

NYSE:SWM traded down $0.95 on Friday, hitting $44.48. The stock had a trading volume of 160,915 shares, compared to its average volume of 198,554. The business’s fifty day moving average is $39.07 and its 200 day moving average is $34.82. The company has a market cap of $1.40 billion, a PE ratio of 12.78 and a beta of 1.58. The company has a quick ratio of 1.87, a current ratio of 2.90 and a debt-to-equity ratio of 0.97. Schweitzer-Mauduit International has a 52 week low of $24.35 and a 52 week high of $45.85.

Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.18. The business had revenue of $256.40 million for the quarter, compared to analyst estimates of $258.40 million. Schweitzer-Mauduit International had a return on equity of 19.79% and a net margin of 7.05%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities analysts predict that Schweitzer-Mauduit International will post 3.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.44 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.96%. Schweitzer-Mauduit International’s dividend payout ratio is presently 50.57%.

Several hedge funds have recently bought and sold shares of SWM. Tower Research Capital LLC TRC bought a new position in shares of Schweitzer-Mauduit International in the second quarter valued at approximately $40,000. Point72 Hong Kong Ltd bought a new position in shares of Schweitzer-Mauduit International in the second quarter valued at approximately $67,000. AlphaOne Investment Services LLC lifted its holdings in shares of Schweitzer-Mauduit International by 27.0% in the second quarter. AlphaOne Investment Services LLC now owns 2,374 shares of the company’s stock valued at $79,000 after purchasing an additional 505 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Schweitzer-Mauduit International by 237.0% in the second quarter. Bank of Montreal Can now owns 3,461 shares of the company’s stock valued at $115,000 after purchasing an additional 2,434 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in shares of Schweitzer-Mauduit International in the second quarter valued at approximately $201,000. Institutional investors own 91.70% of the company’s stock.

About Schweitzer-Mauduit International

Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.

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