GSA Capital Partners LLP Increases Position in Kaiser Aluminum Co. (NASDAQ:KALU)

GSA Capital Partners LLP increased its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 91.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,121 shares of the industrial products company’s stock after acquiring an additional 4,360 shares during the period. GSA Capital Partners LLP owned about 0.06% of Kaiser Aluminum worth $661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. lifted its stake in Kaiser Aluminum by 6.0% in the third quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 214 shares during the last quarter. Rhumbline Advisers lifted its stake in Kaiser Aluminum by 0.6% in the second quarter. Rhumbline Advisers now owns 51,374 shares of the industrial products company’s stock worth $4,516,000 after purchasing an additional 314 shares during the last quarter. National Bank of Canada FI bought a new stake in Kaiser Aluminum in the second quarter worth $32,000. EntryPoint Capital LLC lifted its stake in Kaiser Aluminum by 79.7% in the first quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 382 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Kaiser Aluminum by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after purchasing an additional 394 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU opened at $80.10 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 27.72 and a beta of 1.32. The company has a 50-day moving average price of $73.79 and a 200-day moving average price of $81.59. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 12 month low of $57.52 and a 12 month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million for the quarter, compared to the consensus estimate of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. As a group, equities analysts anticipate that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is 106.57%.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.