Aristides Capital LLC Makes New Investment in Ecovyst Inc. (NYSE:ECVT)

Aristides Capital LLC acquired a new stake in shares of Ecovyst Inc. (NYSE:ECVT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,471 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in Ecovyst during the 2nd quarter valued at about $35,000. CWM LLC increased its holdings in Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares during the period. Quarry LP increased its holdings in Ecovyst by 61.2% in the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares during the period. SG Americas Securities LLC purchased a new position in shares of Ecovyst during the second quarter worth $95,000. Finally, Algert Global LLC acquired a new stake in Ecovyst during the 2nd quarter worth about $106,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ecovyst Trading Down 1.0 %

ECVT stock opened at $6.86 on Tuesday. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The business’s 50-day moving average is $7.13 and its 200 day moving average is $8.76. The company has a current ratio of 2.72, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19. The stock has a market cap of $802.65 million, a price-to-earnings ratio of 10.89, a PEG ratio of 1.18 and a beta of 1.02.

Ecovyst (NYSE:ECVT) last issued 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). Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The firm had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $189.79 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ecovyst Inc. will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at Ecovyst

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

Ecovyst Company Profile

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.