9,912 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Acquired by Leisure Capital Management

Leisure Capital Management purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,912 shares of the industrial products company’s stock, valued at approximately $697,000.

Several other hedge funds also recently modified their holdings of KALU. Renaissance Technologies LLC acquired a new position in Kaiser Aluminum during the second quarter worth about $448,000. Sei Investments Co. grew its stake in shares of Kaiser Aluminum by 47.7% in the 2nd quarter. Sei Investments Co. now owns 23,079 shares of the industrial products company’s stock worth $2,029,000 after purchasing an additional 7,450 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Kaiser Aluminum by 40.4% in the 2nd quarter. AQR Capital Management LLC now owns 7,969 shares of the industrial products company’s stock worth $700,000 after purchasing an additional 2,294 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Kaiser Aluminum by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,893 shares of the industrial products company’s stock worth $694,000 after buying an additional 394 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in Kaiser Aluminum during the second quarter worth approximately $340,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $70.00 on Monday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 24.22 and a beta of 1.34. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.60. The business’s fifty day moving average is $74.23 and its two-hundred day moving average is $74.40. Kaiser Aluminum Co. has a 1 year low of $60.71 and a 1 year high of $102.42.

Kaiser Aluminum Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Friday, January 24th. Kaiser Aluminum’s dividend payout ratio 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.