Aristides Capital LLC Buys New Position in Ecovyst Inc. (NYSE:ECVT)

Aristides Capital LLC purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,471 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Ecovyst during the 2nd quarter worth approximately $35,000. CWM LLC increased its position in shares of Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after acquiring an additional 4,014 shares during the period. Quarry LP raised its stake in shares of Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after acquiring an additional 1,721 shares in the last quarter. Paloma Partners Management Co purchased a new position in Ecovyst in the first quarter valued at $114,000. Finally, SG Americas Securities LLC acquired a new position in Ecovyst during the 2nd quarter worth $95,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Insider Buying and Selling

In related news, insider Joseph S. Koscinski acquired 4,807 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now directly owns 544,609 shares of the company’s stock, valued at approximately $3,409,252.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ecovyst news, insider Paul Whittleston acquired 7,800 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the purchase, the insider now owns 57,542 shares in the company, valued at approximately $374,023. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph S. Koscinski purchased 4,807 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the acquisition, the insider now owns 544,609 shares of the company’s stock, valued at $3,409,252.34. The disclosure for this purchase can be found here. 1.59% of the stock is owned by company insiders.

Ecovyst Trading Down 1.0 %

ECVT opened at $6.86 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.72. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35. The company has a market cap of $802.65 million, a P/E ratio of 10.89, a PEG ratio of 1.18 and a beta of 1.02. The business’s 50-day simple moving average is $7.13 and its 200-day simple moving average is $8.76.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $189.79 million. Ecovyst had a net margin of 8.14% and a return on equity of 7.88%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. As a group, equities research analysts expect that Ecovyst Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ECVT has been the topic of a number of analyst reports. BWS Financial reduced their price target on Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. KeyCorp decreased their price target on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Citigroup lowered their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a report on Friday, July 12th.

About Ecovyst

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.