Stephens Inc. AR Buys New Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Stephens Inc. AR bought a new position in Kaiser Aluminum Co. (NASDAQ:KALU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 44,830 shares of the industrial products company’s stock, valued at approximately $3,150,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of Kaiser Aluminum in the fourth quarter worth about $3,878,000. Leisure Capital Management bought a new position in Kaiser Aluminum in the 4th quarter worth approximately $697,000. KBC Group NV lifted its holdings in shares of Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after buying an additional 410 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 9.3% during the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company’s stock worth $18,925,000 after buying an additional 22,839 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter worth $630,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

NASDAQ:KALU opened at $73.96 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. Kaiser Aluminum Co. has a one year low of $60.71 and a one year high of $102.42. The company has a fifty day moving average price of $72.67 and a 200 day moving average price of $73.47. The stock has a market cap of $1.19 billion, a P/E ratio of 25.59 and a beta of 1.34.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, January 24th. Kaiser Aluminum’s payout ratio is presently 106.57%.

Kaiser Aluminum Company 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.