Advanced Emissions Solutions, Inc. (ADES) Plans $0.25 Quarterly Dividend

Advanced Emissions Solutions, Inc. (NASDAQ:ADES) declared a quarterly dividend on Thursday, February 8th, Zacks reports. Stockholders of record on Wednesday, February 21st will be given a dividend of 0.25 per share by the industrial products company on Thursday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date is Tuesday, February 20th.

Advanced Emissions Solutions (NASDAQ ADES) opened at $8.46 on Thursday. Advanced Emissions Solutions has a 1-year low of $7.00 and a 1-year high of $12.20. The firm has a market capitalization of $174.20, a price-to-earnings ratio of 5.26 and a beta of 2.11.

Advanced Emissions Solutions declared that its board has authorized a share buyback program on Monday, December 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Fundamental Advisers Sp L. Alta purchased 262,266 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $9.89 per share, for a total transaction of $2,593,810.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Bradley Gabbard sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total value of $81,700.00. Following the sale, the director now owns 34,480 shares of the company’s stock, valued at $281,701.60. The disclosure for this sale can be found here. Corporate insiders own 8.49% of the company’s stock.

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Advanced Emissions Solutions by 13,343.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 17,346 shares during the last quarter. California State Teachers Retirement System acquired a new stake in Advanced Emissions Solutions during the second quarter worth about $343,000. Finally, State Street Corp increased its stake in Advanced Emissions Solutions by 1,604.4% during the second quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock worth $2,327,000 after acquiring an additional 239,058 shares during the last quarter. Institutional investors own 69.31% of the company’s stock.

A number of equities analysts have recently weighed in on ADES shares. Zacks Investment Research cut Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine lowered Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $18.00 target price on shares of Advanced Emissions Solutions in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.67.

TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/15/advanced-emissions-solutions-inc-ades-plans-0-25-quarterly-dividend.html.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

Receive News & Ratings for Advanced Emissions Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Emissions Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply