Stephens Inc. AR Acquires New Shares 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 its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 44,830 shares of the industrial products company’s stock, valued at approximately $3,150,000. Stephens Inc. AR owned about 0.28% of Kaiser Aluminum at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at approximately $41,000. KBC Group NV lifted its stake in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 410 shares during the last quarter. nVerses Capital LLC bought a new stake in Kaiser Aluminum in the third quarter worth approximately $65,000. CWM LLC increased its stake in shares of Kaiser Aluminum by 125.3% during the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 713 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of Kaiser Aluminum during the 3rd quarter valued at $169,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Up 2.1 %

Shares of NASDAQ:KALU opened at $73.96 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.19 billion, a PE ratio of 25.59 and a beta of 1.34. Kaiser Aluminum Co. has a 1 year low of $60.71 and a 1 year high of $102.42. The firm has a fifty day moving average price of $72.67 and a 200 day moving average price of $73.47.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio 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.