David Abrams Owns 5.02% Of Specialty Cellulose Maker Rayonier Advanced

A 13G filing by David Abrams reveals that he beneficially owns 2,139,929 shares, or 5.02%, of Rayonier Advanced Materials Inc (NYSE:RYAM).

Rayonier Advanced Materials Inc (NYSE:RYAM) was spun off in June from Rayonier Inc. (NYSE:RYN), a Real Estate Investment Trust (REIT) dealing primarily in timberland assets, as well as operating two specialty cellulose mills.

David Abrams, an erstwhile colleague of Seth Klarman of the Baupost Group, manages a portfolio worth nearly $8 billion built up after 2009. (Read more on David Abrams on ValueWalk here).

Rayonier Advanced Materials investment

Rayonier Advanced Materials Inc (NYSE:RYAM) is a dividend paying company, having declared a quarterly dividend of $ 0.07 payable September...