Advanced Emissions Solutions, Inc. (ADES) To Go Ex-Dividend on February 20th

Advanced Emissions Solutions, Inc. (NASDAQ:ADES) announced a quarterly dividend on Thursday, February 8th, Zacks reports. Shareholders of record on Wednesday, February 21st will be given a dividend of 0.25 per share by the industrial products company on Thursday, March 8th. This represents a $1.00 dividend on an annualized basis and a yield of 11.82%. The ex-dividend date of this dividend is Tuesday, February 20th.

Advanced Emissions Solutions (ADES) traded up $0.20 during mid-day trading on Thursday, reaching $8.46. The company’s stock had a trading volume of 103,400 shares, compared to its average volume of 148,818. Advanced Emissions Solutions has a 1 year low of $7.00 and a 1 year high of $12.20. The stock has a market capitalization of $174.20, a P/E ratio of 1.94 and a beta of 2.11.

Advanced Emissions Solutions announced that its board has initiated a share buyback plan on Monday, December 4th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

A number of equities research analysts have issued reports on the company. ValuEngine downgraded Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Advanced Emissions Solutions in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.67.

In other Advanced Emissions Solutions news, Director Alan Bradley Gabbard sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total transaction of $81,700.00. Following the transaction, the director now owns 34,480 shares in the company, valued at $281,701.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Fundamental Advisers Sp L. Alta acquired 262,266 shares of Advanced Emissions Solutions stock in a transaction on Thursday, December 14th. The shares were bought at an average price of $9.89 per share, for a total transaction of $2,593,810.74. The disclosure for this purchase can be found here. Insiders own 8.49% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ADES. State Street Corp lifted its stake in shares of Advanced Emissions Solutions by 1,604.4% during the second quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock worth $2,327,000 after purchasing an additional 239,058 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Advanced Emissions Solutions by 13,343.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 17,346 shares in the last quarter. Finally, California State Teachers Retirement System acquired a new position in shares of Advanced Emissions Solutions during the second quarter worth about $343,000. Institutional investors own 69.31% of the company’s stock.

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Advanced Emissions Solutions Company Profile

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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