GAMMA Investing LLC Purchases 35,886 Shares of Element Solutions Inc. (NYSE:ESI)

GAMMA Investing LLC boosted its position in Element Solutions Inc. (NYSE:ESI - Free Report) by 2,339.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,420 shares of the company's stock after buying an additional 35,886 shares during the quarter. GAMMA Investing LLC's holdings in Element Solutions were worth $846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in Element Solutions by 1.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,979 shares of the company's stock worth $610,000 after buying an additional 423 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Element Solutions by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,297 shares of the company's stock worth $287,000 after buying an additional 430 shares in the last quarter. Arizona State Retirement System boosted its stake in Element Solutions by 0.8% in the fourth quarter. Arizona State Retirement System now owns 66,761 shares of the company's stock worth $1,698,000 after buying an additional 545 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Element Solutions by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 98,398 shares of the company's stock worth $2,502,000 after buying an additional 610 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Element Solutions by 11.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,644 shares of the company's stock worth $169,000 after buying an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company's stock.

Element Solutions Trading Up 0.6%

Shares of Element Solutions stock traded up $0.13 during midday trading on Friday, reaching $21.50. 4,312,701 shares of the company's stock traded hands, compared to its average volume of 1,962,403. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.16 and a current ratio of 3.95. The company has a market cap of $5.21 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The stock has a 50 day moving average of $21.01 and a 200-day moving average of $23.62. Element Solutions Inc. has a 12 month low of $16.77 and a 12 month high of $29.78.

Element Solutions (NYSE:ESI - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $593.70 million during the quarter, compared to the consensus estimate of $576.73 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.56%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, equities analysts expect that Element Solutions Inc. will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.49%. Element Solutions's dividend payout ratio is presently 26.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ESI. Mizuho increased their price objective on Element Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, June 13th. The Goldman Sachs Group dropped their price objective on Element Solutions from $30.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. KeyCorp dropped their price objective on Element Solutions from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Bank of America raised Element Solutions from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $29.00 to $24.00 in a research note on Tuesday, April 15th. Finally, UBS Group dropped their price objective on Element Solutions from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $25.75.

Element Solutions Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.