Schweitzer-Mauduit International, Inc. (NYSE:SWM) Short Interest Down 41.0% in August

Schweitzer-Mauduit International, Inc. (NYSE:SWM) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 814,200 shares, a decrease of 41.0% from the August 15th total of 1,380,000 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average trading volume of 187,900 shares, the short-interest ratio is presently 4.3 days.

Institutional investors have recently modified their holdings of the business. Virtus ETF Advisers LLC grew its holdings in Schweitzer-Mauduit International by 0.8% during the 2nd quarter. Virtus ETF Advisers LLC now owns 38,895 shares of the company’s stock worth $1,299,000 after acquiring an additional 323 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Schweitzer-Mauduit International by 7.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 4,848 shares of the company’s stock worth $161,000 after purchasing an additional 351 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Schweitzer-Mauduit International by 3.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,352 shares of the company’s stock worth $399,000 after purchasing an additional 541 shares during the period. Legal & General Group Plc lifted its position in shares of Schweitzer-Mauduit International by 0.6% in the 1st quarter. Legal & General Group Plc now owns 95,467 shares of the company’s stock worth $2,656,000 after purchasing an additional 544 shares during the period. Finally, UBS Group AG lifted its position in shares of Schweitzer-Mauduit International by 3.0% in the 2nd quarter. UBS Group AG now owns 22,404 shares of the company’s stock worth $748,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 95.38% of the company’s stock.

A number of brokerages have recently commented on SWM. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, August 26th. TheStreet upgraded shares of Schweitzer-Mauduit International from a “c+” rating to a “b-” rating in a research note on Tuesday, June 30th. Finally, ValuEngine upgraded shares of Schweitzer-Mauduit International from a “strong sell” rating to a “sell” rating in a research note on Monday, August 17th.

Schweitzer-Mauduit International stock traded down $0.09 during midday trading on Wednesday, hitting $29.37. The company’s stock had a trading volume of 137 shares, compared to its average volume of 219,127. Schweitzer-Mauduit International has a 1-year low of $20.00 and a 1-year high of $46.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.96 and a quick ratio of 1.70. The company has a 50-day moving average price of $32.06 and a two-hundred day moving average price of $30.63. The company has a market cap of $923.42 million, a price-to-earnings ratio of 10.02 and a beta of 1.21.

Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.09. Schweitzer-Mauduit International had a net margin of 9.09% and a return on equity of 18.70%. The business had revenue of $254.20 million during the quarter. Sell-side analysts forecast that Schweitzer-Mauduit International will post 3.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 5.99%. The ex-dividend date is Thursday, August 20th. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 49.58%.

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.

Further Reading: Overbought

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