Insider Buying: Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Buys $100,500.00 in Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Eric Bowen acquired 12,500 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $8.04 per share, for a total transaction of $100,500.00. Following the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $100,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Rayonier Advanced Materials Trading Down 4.8 %

RYAM stock opened at $7.29 on Thursday. Rayonier Advanced Materials Inc. has a 12 month low of $3.15 and a 12 month high of $10.28. The firm’s 50-day moving average is $8.50 and its 200 day moving average is $7.38. The company has a market capitalization of $480.53 million, a PE ratio of -5.70 and a beta of 3.01. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.73 and a quick ratio of 1.09.

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Tuesday, November 5th. The basic materials company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $412.20 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. During the same period last year, the company posted ($0.41) earnings per share. On average, research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

RYAM has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price objective on shares of Rayonier Advanced Materials from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of Rayonier Advanced Materials in the second quarter valued at about $541,000. Bank of New York Mellon Corp lifted its position in shares of Rayonier Advanced Materials by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 333,677 shares of the basic materials company’s stock worth $1,815,000 after purchasing an additional 24,627 shares during the period. Bailard Inc. bought a new position in shares of Rayonier Advanced Materials during the second quarter valued at approximately $254,000. Allspring Global Investments Holdings LLC increased its holdings in Rayonier Advanced Materials by 4,134.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 27,566 shares of the basic materials company’s stock valued at $150,000 after buying an additional 26,915 shares during the period. Finally, Rhumbline Advisers raised its stake in Rayonier Advanced Materials by 14.3% in the second quarter. Rhumbline Advisers now owns 149,490 shares of the basic materials company’s stock worth $813,000 after buying an additional 18,754 shares in the last quarter. 68.64% of the stock is owned by institutional investors.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company’s products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.