8,960 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,960 shares of the industrial products company’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KALU. Federated Hermes Inc. purchased a new stake in Kaiser Aluminum during the 2nd quarter worth about $256,000. Dimensional Fund Advisors LP increased its position in Kaiser Aluminum by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company’s stock worth $66,846,000 after purchasing an additional 16,148 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Kaiser Aluminum during the 2nd quarter worth about $448,000. Mercer Global Advisors Inc. ADV purchased a new stake in Kaiser Aluminum during the 2nd quarter worth about $207,000. Finally, Hsbc Holdings PLC increased its position in Kaiser Aluminum by 34.3% during the 2nd quarter. Hsbc Holdings PLC now owns 8,375 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 2,141 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.9 %

Kaiser Aluminum stock opened at $73.68 on Tuesday. 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 cap of $1.19 billion, a PE ratio of 25.49 and a beta of 1.35. The stock has a 50-day moving average price of $75.98 and a 200 day moving average price of $75.76. Kaiser Aluminum Co. has a 52 week low of $59.52 and a 52 week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results 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 business had revenue of $748.00 million during the quarter, compared to analysts’ expectations of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Equities research analysts predict that Kaiser Aluminum Co. will post 2.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 106.57%.

About Kaiser Aluminum

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.