Aristides Capital LLC Invests $147,000 in ICL Group Ltd (NYSE:ICL)

Aristides Capital LLC acquired a new position in ICL Group Ltd (NYSE:ICL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 34,258 shares of the basic materials company’s stock, valued at approximately $147,000.

A number of other hedge funds have also recently made changes to their positions in ICL. DekaBank Deutsche Girozentrale lifted its position in shares of ICL Group by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock worth $180,000 after buying an additional 2,542 shares in the last quarter. PNC Financial Services Group Inc. raised its position in ICL Group by 8.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 32,115 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 2,580 shares during the period. Massmutual Trust Co. FSB ADV raised its position in ICL Group by 103.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 3,612 shares during the period. Inspire Investing LLC raised its position in ICL Group by 23.6% during the first quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 4,162 shares during the period. Finally, Optas LLC raised its position in ICL Group by 18.1% during the second quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 4,410 shares during the period. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ICL. Barclays decreased their price objective on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. StockNews.com downgraded ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday.

ICL Group Trading Up 0.4 %

Shares of NYSE:ICL opened at $4.27 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.60 billion, a PE ratio of 11.53, a P/E/G ratio of 5.06 and a beta of 1.23. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.72. The business’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $4.53.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company earned $0.13 earnings per share. As a group, equities research analysts predict that ICL Group Ltd will post 0.36 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Wednesday, September 4th. ICL Group’s payout ratio is currently 37.84%.

ICL Group Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.