Insider Buying: Rayonier Advanced Materials Inc. (NYSE:RYAM) CEO Acquires $249,999.45 in Stock

Rayonier Advanced Materials Inc. (NYSE:RYAM) CEO Delyle W. Bloomquist acquired 63,291 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $249,999.45. Following the completion of the acquisition, the chief executive officer now directly owns 486,024 shares of the company’s stock, valued at $1,919,794.80. The trade was a 14.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Rayonier Advanced Materials Trading Down 0.8%

RYAM opened at $3.94 on Friday. Rayonier Advanced Materials Inc. has a one year low of $3.45 and a one year high of $10.28. The stock has a market capitalization of $263.09 million, a PE ratio of -3.08 and a beta of 2.63. The business’s 50 day moving average price is $4.66 and its 200 day moving average price is $6.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.09 and a current ratio of 1.73.

Rayonier Advanced Materials (NYSE:RYAM) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.35). The business had revenue of $356.00 million during the quarter, compared to analyst estimates of $375.80 million. Rayonier Advanced Materials had a negative net margin of 5.21% and a negative return on equity of 1.61%. As a group, equities research analysts expect that Rayonier Advanced Materials Inc. will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

RYAM has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on Rayonier Advanced Materials from $9.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut Rayonier Advanced Materials from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Institutional Trading of Rayonier Advanced Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in Rayonier Advanced Materials in the first quarter valued at approximately $34,000. Ieq Capital LLC purchased a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $83,000. Entropy Technologies LP purchased a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $84,000. Townsquare Capital LLC purchased a new stake in Rayonier Advanced Materials in the fourth quarter valued at approximately $85,000. Finally, Royce & Associates LP purchased a new stake in Rayonier Advanced Materials in the first quarter valued at approximately $103,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

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.