Suzano S.A. (NYSE:SUZ) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Suzano S.A. (NYSE:SUZ) by 58.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,791 shares of the company’s stock after acquiring an additional 1,027 shares during the period. GAMMA Investing LLC’s holdings in Suzano were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Suzano in the 3rd quarter valued at about $25,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Suzano in the third quarter valued at approximately $107,000. Caprock Group LLC grew its position in shares of Suzano by 11.1% during the third quarter. Caprock Group LLC now owns 11,178 shares of the company’s stock worth $112,000 after acquiring an additional 1,119 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Suzano in the 3rd quarter valued at $122,000. Finally, Choreo LLC purchased a new stake in Suzano in the 2nd quarter valued at $128,000. Hedge funds and other institutional investors own 2.55% of the company’s stock.

Suzano Stock Down 0.3 %

Shares of NYSE:SUZ opened at $10.14 on Wednesday. Suzano S.A. has a 1-year low of $8.78 and a 1-year high of $12.98. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.17 and a quick ratio of 1.70. The stock has a market cap of $13.43 billion, a P/E ratio of 16.10 and a beta of 0.94. The firm has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.01.

Suzano Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, January 17th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.3366 per share. The ex-dividend date is Wednesday, December 18th. This represents a dividend yield of 1.6%. Suzano’s dividend payout ratio (DPR) is 42.86%.

About Suzano

Suzano SA produces and sells eucalyptus pulp and paper products in Brazil and internationally. It operates through Pulp and Paper segments. The company offers coated and uncoated printing and writing papers, paperboards, tissue papers, and market and fluff pulps; and lignin. It also engages in the research, development, and production of biofuel; operation of port terminals; power generation and distribution business; commercialization of equipment and parts; industrialization, commercialization, and exporting of pulp and standing wood; road freight transport; biotechnology research and development; and commercialization of paper and computer materials.