GAMMA Investing LLC Increases Stock Position in Sylvamo Co. (NYSE:SLVM)

GAMMA Investing LLC grew its stake in shares of Sylvamo Co. (NYSE:SLVM) by 4,459.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,182 shares of the company’s stock after acquiring an additional 29,520 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Sylvamo worth $2,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock valued at $49,000 after purchasing an additional 403 shares during the period. Covestor Ltd increased its position in shares of Sylvamo by 464.5% during the 4th quarter. Covestor Ltd now owns 779 shares of the company’s stock valued at $62,000 after purchasing an additional 641 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after purchasing an additional 218 shares during the last quarter. DRW Securities LLC bought a new position in shares of Sylvamo during the 4th quarter valued at approximately $225,000. Finally, Vestcor Inc bought a new position in shares of Sylvamo during the 4th quarter valued at approximately $246,000. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Sylvamo Price Performance

SLVM opened at $50.59 on Friday. Sylvamo Co. has a 12-month low of $50.37 and a 12-month high of $98.02. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $56.93 and its 200-day simple moving average is $69.30. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 2.23 and a beta of 1.07.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. The company had revenue of $821.00 million for the quarter, compared to the consensus estimate of $819.61 million. During the same period in the previous year, the business earned $1.07 EPS. Sylvamo’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, July 8th. Sylvamo’s payout ratio is 26.32%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their target price on Sylvamo from $70.00 to $61.00 and set a “sector perform” rating on the stock in a research report on Monday, May 12th.

Sylvamo Company Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.