Rayonier Advanced Materials Inc. (NYSE:RYAM) Director Delyle W. Bloomquist acquired 5,600 shares of Rayonier Advanced Materials stock in a transaction on Monday, August 14th. The stock was acquired 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 approximately $376,145.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

Rayonier Advanced Materials (NYSE:RYAM) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.15. The company had revenue of $201 million for 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 firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, analysts predict that Rayonier Advanced Materials Inc. will post $0.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 presently 35.00%.

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A number of equities analysts have issued reports on RYAM shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Rayonier Advanced Materials in a research note on Wednesday, May 3rd. Bank of America Corporation raised shares of Rayonier Advanced Materials from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, May 26th. Vertical Research raised shares of Rayonier Advanced Materials from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, May 26th. TheStreet raised shares of Rayonier Advanced Materials from a “d” rating to a “c” rating in a research report on Tuesday, June 13th. Finally, BidaskClub cut shares of Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Rayonier Advanced Materials has a consensus rating of “Hold” and an average price target of $18.80.

A number of hedge funds and other institutional investors have recently modified their holdings of RYAM. Renaissance Technologies LLC raised its position in shares of 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. Rubric Capital Management LP bought a new position in shares of Rayonier Advanced Materials during the second quarter valued at about $9,950,000. Vanguard Group Inc. raised its position in shares of 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. Sterling Capital Management LLC raised its position in shares of 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, Dimensional Fund Advisors LP raised its position in shares of Rayonier Advanced Materials by 24.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,411,284 shares of the basic materials company’s stock valued at $18,981,000 after buying an additional 275,545 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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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