EntryPoint Capital LLC Makes New $73,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

EntryPoint Capital LLC acquired a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,456 shares of the financial services provider’s stock, valued at approximately $73,000.

A number of other hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP lifted its holdings in Kennedy-Wilson by 313.0% in the fourth quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,656 shares during the period. Quadrant Capital Group LLC boosted its holdings in Kennedy-Wilson by 131.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,259 shares in the last quarter. Simplex Trading LLC purchased a new stake in Kennedy-Wilson during the fourth quarter worth $34,000. Stonegate Investment Group LLC acquired a new stake in Kennedy-Wilson during the first quarter valued at $95,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in Kennedy-Wilson in the first quarter valued at $174,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $10.71 on Friday. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44. The company’s fifty day moving average price is $10.03 and its 200 day moving average price is $9.61. The stock has a market capitalization of $1.47 billion, a P/E ratio of -5.44 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a 1 year low of $7.85 and a 1 year high of $17.34.

Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. The business had revenue of $136.40 million during the quarter. As a group, equities research analysts anticipate that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.48%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -24.37%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.