5 Dividend Stock Picks of Ira Unschuld’s Brant Point Investment

4. Avient Corporation (NYSE:AVNT)

Brant Point Investment Stake Value: $5,666,000
Percentage of Brant Point Investment’s 13F Portfolio: 0.48%
Number of Hedge Fund Holders: 17
Dividend Yield: 1.72%

Avient Corporation (NYSE:AVNT) is a global maker of specialist polymer materials. Brant Point Investment holds 122,244 shares in the company worth over $5.67 million, representing 0.48% of their portfolio. In addition, Brant Point Investment has increased its stake in the firm by 50% in the third quarter of 2021.

Avient Corporation (NYSE:AVNT) declared a quarterly dividend of $0.2375 per share in October, up 11.8% from the previous dividend of $0.2125. Avient Corporation (NYSE:AVNT) reported earnings for the third quarter in October, posting earnings per share of $0.70, beating the estimates by $0.02 and revenue of $1.21 billion, up 30.9% compared to the revenue over the same period last year.

In the third quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $93.96 million in Avient Corporation (NYSE:AVNT), down from 20 in the previous quarter worth $145.69 million.