Insider Buying: Rayonier Advanced Materials Inc. (NYSE:RYAM) CEO Buys 53,533 Shares of Stock

Key Points

• Rayonier Advanced Materials Inc. CEO Delyle W. Bloomquist purchased 53,533 shares of stock at an average cost of $4.71 per share, increasing his ownership by 11.01%.
• The company's stock traded down 1.3% to $4.99, with a market cap of $334 million and a 52-week range of $3.35 to $10.28.
• Rayonier Advanced Materials reported a quarterly loss of ($0.43) EPS, missing analysts' expectations, and had a negative return on equity of 12.11%.

Rayonier Advanced Materials Inc. (NYSE:RYAM - Get Free Report) CEO Delyle W. Bloomquist purchased 53,533 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average cost of $4.71 per share, for a total transaction of $252,140.43. Following the completion of the acquisition, the chief executive officer owned 539,557 shares of the company's stock, valued at approximately $2,541,313.47. This trade represents a 11.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rayonier Advanced Materials Stock Down 1.3%

NYSE RYAM traded down $0.07 on Thursday, hitting $4.99. The stock had a trading volume of 633,131 shares, compared to its average volume of 546,071. The business's fifty day moving average price is $4.09 and its 200 day moving average price is $5.02. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.45 and a quick ratio of 0.83. Rayonier Advanced Materials Inc. has a 52-week low of $3.35 and a 52-week high of $10.28. The stock has a market cap of $334.00 million, a price-to-earnings ratio of -0.75 and a beta of 2.49.

Rayonier Advanced Materials (NYSE:RYAM - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.23). Rayonier Advanced Materials had a negative return on equity of 12.11% and a negative net margin of 29.23%. The firm had revenue of $340.00 million during the quarter, compared to analysts' expectations of $387.07 million. Equities research analysts anticipate that Rayonier Advanced Materials Inc. will post -0.08 earnings per share for the current year.

Institutional Investors Weigh In On Rayonier Advanced Materials

A number of large investors have recently made changes to their positions in RYAM. JPMorgan Chase & Co. grew its holdings in shares of Rayonier Advanced Materials by 66.8% during the fourth quarter. JPMorgan Chase & Co. now owns 835,388 shares of the basic materials company's stock valued at $6,892,000 after buying an additional 334,497 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Rayonier Advanced Materials by 12.0% in the fourth quarter. Franklin Resources Inc. now owns 132,384 shares of the basic materials company's stock valued at $1,092,000 after purchasing an additional 14,210 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Rayonier Advanced Materials by 31.8% in the fourth quarter. Wells Fargo & Company MN now owns 41,234 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 9,957 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Rayonier Advanced Materials by 44.7% in the fourth quarter. Sterling Capital Management LLC now owns 52,380 shares of the basic materials company's stock valued at $432,000 after purchasing an additional 16,190 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in Rayonier Advanced Materials in the fourth quarter valued at $85,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen lowered Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Royal Bank Of Canada dropped their target price on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th.

About Rayonier Advanced Materials

Rayonier Advanced Materials Inc manufactures and sells cellulose specialty products in the United States, China, Latin America, Canada, Japan, Europe, Latin America, other Asian countries, and internationally. It operates through High Purity Cellulose, Paperboard, and High-Yield Pulp segments. The company's products include cellulose specialties, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, cigarette filters, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.

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