ValuEngine upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a hold rating to a buy rating in a research report sent to investors on Monday, February 4th.
Several other research analysts have also recently issued reports on ADES. Zacks Investment Research raised Advanced Emissions Solutions from a strong sell rating to a hold rating in a research report on Thursday, January 3rd. HC Wainwright set a $18.00 price objective on Advanced Emissions Solutions and gave the stock a buy rating in a research report on Friday, November 16th.
Shares of ADES stock traded up $0.02 on Monday, hitting $11.84. The stock had a trading volume of 53,039 shares, compared to its average volume of 77,909. Advanced Emissions Solutions has a 1 year low of $9.01 and a 1 year high of $12.37. The company has a market capitalization of $240.19 million, a PE ratio of 7.59 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Tuesday, February 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Friday, February 15th. Advanced Emissions Solutions’s dividend payout ratio is presently 64.10%.
In other news, Director Fundamental Advisers Sp L. Alta acquired 65,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was purchased at an average cost of $9.97 per share, with a total value of $648,050.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alta Fundamental Advisers Llc acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was purchased at an average cost of $9.85 per share, with a total value of $98,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 185,000 shares of company stock valued at $1,883,950. 10.60% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in Advanced Emissions Solutions by 76.1% during the 4th quarter. Advisor Group Inc. now owns 4,801 shares of the industrial products company’s stock valued at $51,000 after buying an additional 2,074 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Advanced Emissions Solutions during the fourth quarter worth $83,000. SRS Capital Advisors Inc. acquired a new stake in shares of Advanced Emissions Solutions during the third quarter worth $151,000. Bank of America Corp DE boosted its holdings in shares of Advanced Emissions Solutions by 107.8% during the second quarter. Bank of America Corp DE now owns 14,463 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 7,502 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Advanced Emissions Solutions by 45.6% during the fourth quarter. Rhumbline Advisers now owns 24,072 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 7,537 shares during the last quarter. Hedge funds and other institutional investors own 70.69% of the company’s stock.
About Advanced Emissions Solutions
ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.
Further Reading: Convertible Shares
To view ValuEngine’s full report, visit ValuEngine’s official website.
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