Advanced Emissions Solutions (NASDAQ:ADES) Trading Up 7.5%

Advanced Emissions Solutions, Inc. (NASDAQ:ADES) was up 7.5% during trading on Wednesday . The stock traded as high as $14.49 and last traded at $14.22, approximately 626,500 shares traded hands during trading. An increase of 326% from the average daily volume of 146,976 shares. The stock had previously closed at $13.23.

Several equities research analysts have recently commented on ADES shares. HC Wainwright reaffirmed a “buy” rating and set a $18.00 target price on shares of Advanced Emissions Solutions in a report on Wednesday, August 7th. BidaskClub raised Advanced Emissions Solutions from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

The firm has a market capitalization of $245.79 million, a PE ratio of 8.24 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.78. The firm has a fifty day moving average price of $12.56 and a 200 day moving average price of $12.34.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Monday, August 5th. The industrial products company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.30). Advanced Emissions Solutions had a net margin of 69.10% and a return on equity of 38.78%. The company had revenue of $15.58 million for the quarter, compared to analysts’ expectations of $21.26 million. On average, sell-side analysts expect that Advanced Emissions Solutions, Inc. will post 2.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.90%. The ex-dividend date was Friday, August 16th. Advanced Emissions Solutions’s payout ratio is 56.82%.

In other Advanced Emissions Solutions news, Director Alta Fundamental Advisers Llc purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $12.35 per share, with a total value of $617,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fundamental Advisers Sp L. Alta purchased 56,243 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of $11.92 per share, for a total transaction of $670,416.56. The disclosure for this purchase can be found here. Insiders have purchased 116,190 shares of company stock worth $1,412,297 over the last three months. 12.16% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Hancock Whitney Corp acquired a new position in Advanced Emissions Solutions during the second quarter valued at $260,000. Royal Bank of Canada raised its position in Advanced Emissions Solutions by 27,347.6% during the second quarter. Royal Bank of Canada now owns 11,528 shares of the industrial products company’s stock valued at $146,000 after buying an additional 11,486 shares during the period. Townsquare Capital LLC acquired a new position in Advanced Emissions Solutions during the second quarter valued at $336,000. Morgan Stanley raised its position in Advanced Emissions Solutions by 123.8% during the second quarter. Morgan Stanley now owns 262,926 shares of the industrial products company’s stock valued at $3,324,000 after buying an additional 145,463 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new position in Advanced Emissions Solutions during the second quarter valued at $232,000. 71.50% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Emissions Solutions (NASDAQ:ADES)

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.

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