Insider Buying: Rayonier Advanced Materials (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 acquired 53,533 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $4.71 per share, with a total value of $252,140.43. Following the acquisition, the chief executive officer owned 539,557 shares in the company, valued at approximately $2,541,313.47. This trade represents a 11.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rayonier Advanced Materials Price Performance

RYAM traded down $0.1950 during trading on Tuesday, hitting $4.9450. The company's stock had a trading volume of 680,449 shares, compared to its average volume of 720,375. The company has a current ratio of 1.45, a quick ratio of 0.83 and a debt-to-equity ratio of 2.10. Rayonier Advanced Materials Inc. has a twelve month low of $3.35 and a twelve month high of $10.28. The firm has a market capitalization of $331.32 million, a price-to-earnings ratio of -0.74 and a beta of 2.49. The business's fifty day simple moving average is $4.19 and its 200 day simple moving average is $4.92.

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

Hedge Funds Weigh In On Rayonier Advanced Materials

Hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System bought a new stake in Rayonier Advanced Materials during the 1st quarter valued at approximately $34,000. Quadrature Capital Ltd acquired a new position in Rayonier Advanced Materials during the second quarter valued at approximately $52,000. Townsquare Capital LLC bought a new stake in shares of Rayonier Advanced Materials during the fourth quarter worth $85,000. Royce & Associates LP bought a new position in shares of Rayonier Advanced Materials in the 1st quarter valued at about $103,000. Finally, Walleye Capital LLC acquired a new stake in shares of Rayonier Advanced Materials in the fourth quarter valued at approximately $113,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RYAM shares. Royal Bank Of Canada decreased their price objective on Rayonier Advanced Materials from $9.00 to $6.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Rayonier Advanced Materials from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Zacks Research upgraded shares of Rayonier Advanced Materials to a "strong sell" rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.00.

Rayonier Advanced Materials Company Profile

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.