Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Delyle W. Bloomquist bought 5,600 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $13.48 per share, for a total transaction of $75,488.00. Following the completion of the purchase, the director now owns 27,904 shares of the company’s stock, valued at $376,145.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rayonier Advanced Materials Inc. (RYAM) traded down 0.37% on Wednesday, hitting $13.44. 417,102 shares of the company’s stock were exchanged. Rayonier Advanced Materials Inc. has a 52-week low of $10.37 and a 52-week high of $17.60. The stock has a market cap of $581.63 million, a P/E ratio of 16.15 and a beta of 4.28. The firm has a 50 day moving average price of $14.88 and a 200-day moving average price of $14.06.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, September 14th. Rayonier Advanced Materials’s dividend payout ratio is currently 35.00%.

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RYAM has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Vertical Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research note on Thursday, June 1st. Bank of America Corporation raised shares of Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, May 26th. Zacks Investment Research lowered shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Vertical Group raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.00 to $19.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. Rayonier Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of $18.80.

A number of institutional investors have recently bought and sold shares of RYAM. Vanguard Group Inc. boosted its position in Rayonier Advanced Materials by 6.3% in the first quarter. Vanguard Group Inc. now owns 6,896,195 shares of the basic materials company’s stock valued at $92,755,000 after buying an additional 409,971 shares in the last quarter. Renaissance Technologies LLC boosted its position in Rayonier Advanced Materials by 22.0% in the second quarter. Renaissance Technologies LLC now owns 3,892,500 shares of the basic materials company’s stock valued at $61,190,000 after buying an additional 701,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Rayonier Advanced Materials by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,527,856 shares of the basic materials company’s stock valued at $24,018,000 after buying an additional 116,572 shares in the last quarter. Sterling Capital Management LLC boosted its position in Rayonier Advanced Materials by 36.8% in the second quarter. Sterling Capital Management LLC now owns 1,441,411 shares of the basic materials company’s stock valued at $22,659,000 after buying an additional 387,674 shares in the last quarter. Finally, State Street Corp boosted its position in Rayonier Advanced Materials by 5.2% in the second quarter. State Street Corp now owns 1,132,046 shares of the basic materials company’s stock valued at $17,797,000 after buying an additional 56,453 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

About Rayonier Advanced Materials

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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