Separately, Zacks Investment Research downgraded Ciner Resources from a buy rating to a hold rating in a research report on Wednesday, January 16th.
NYSE CINR opened at $19.46 on Monday. The company has a market capitalization of $377.99 million, a PE ratio of 18.02 and a beta of 0.93. Ciner Resources has a 1-year low of $18.51 and a 1-year high of $28.44. The company has a current ratio of 2.93, a quick ratio of 1.85 and a debt-to-equity ratio of 0.55.
Ciner Resources (NYSE:CINR) last released its earnings results on Thursday, February 14th. The basic materials company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The business had revenue of $132.20 million for the quarter, compared to the consensus estimate of $132.00 million. Ciner Resources had a return on equity of 20.22% and a net margin of 10.51%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Tuesday, May 21st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.36 dividend on an annualized basis and a yield of 6.99%. Ciner Resources’s payout ratio is 210.19%.
In related news, Director Michael E. Ducey acquired 5,185 shares of Ciner Resources stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of $19.33 per share, for a total transaction of $100,226.05. Following the completion of the transaction, the director now owns 16,001 shares in the company, valued at approximately $309,299.33. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its position in Ciner Resources by 12.4% in the 4th quarter. Advisory Services Network LLC now owns 3,865 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 425 shares during the period. Knightsbridge Asset Management LLC purchased a new stake in Ciner Resources in the 4th quarter valued at approximately $538,000. HighTower Advisors LLC purchased a new position in shares of Ciner Resources during the 1st quarter worth $264,000. Morgan Stanley lifted its stake in shares of Ciner Resources by 11.4% during the 1st quarter. Morgan Stanley now owns 38,322 shares of the basic materials company’s stock worth $978,000 after purchasing an additional 3,934 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Ciner Resources by 5.7% during the 1st quarter. Wells Fargo & Company MN now owns 388,331 shares of the basic materials company’s stock worth $9,905,000 after purchasing an additional 21,054 shares during the period. 10.38% of the stock is owned by institutional investors.
Ciner Resources Company Profile
Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.
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