Wedge Capital Management L L P NC Invests $221,000 in Schweitzer-Mauduit International, Inc. (SWM) Stock

Wedge Capital Management L L P NC acquired a new stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,701 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Washington Trust Bank acquired a new stake in Schweitzer-Mauduit International during the 1st quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Schweitzer-Mauduit International during the first quarter worth $57,000. AlphaOne Investment Services LLC boosted its holdings in shares of Schweitzer-Mauduit International by 61.4% during the fourth quarter. AlphaOne Investment Services LLC now owns 1,743 shares of the company’s stock worth $44,000 after purchasing an additional 663 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Schweitzer-Mauduit International by 73.9% during the first quarter. Versant Capital Management Inc now owns 1,920 shares of the company’s stock worth $74,000 after purchasing an additional 816 shares during the last quarter. Finally, Quantamental Technologies LLC boosted its holdings in shares of Schweitzer-Mauduit International by 286.9% during the first quarter. Quantamental Technologies LLC now owns 2,190 shares of the company’s stock worth $85,000 after purchasing an additional 1,624 shares during the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Shares of SWM traded up $0.05 during trading hours on Friday, hitting $31.71. The stock had a trading volume of 746,329 shares, compared to its average volume of 318,882. The company has a current ratio of 3.08, a quick ratio of 1.97 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $978.05 million, a P/E ratio of 9.11 and a beta of 1.62. Schweitzer-Mauduit International, Inc. has a 12-month low of $24.35 and a 12-month high of $45.48.

Schweitzer-Mauduit International (NYSE:SWM) last issued its earnings results on Wednesday, May 1st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10). The firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $274.50 million. Schweitzer-Mauduit International had a return on equity of 18.45% and a net margin of 8.81%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Sell-side analysts predict that Schweitzer-Mauduit International, Inc. will post 3.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 24th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Thursday, May 23rd. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is currently 50.57%.

SWM has been the topic of several analyst reports. TheStreet upgraded Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a report on Friday, February 22nd. Zacks Investment Research lowered Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.

In related news, EVP Michel Fievez sold 20,000 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $39.81, for a total value of $796,200.00. Following the transaction, the executive vice president now directly owns 66,113 shares of the company’s stock, valued at approximately $2,631,958.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.89% of the company’s stock.

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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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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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