Leisure Capital Management Purchases New Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Leisure Capital Management purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,912 shares of the industrial products company's stock, valued at approximately $697,000. Leisure Capital Management owned about 0.06% of Kaiser Aluminum as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KALU. Renaissance Technologies LLC purchased a new position in shares of Kaiser Aluminum in the second quarter worth about $448,000. Sei Investments Co. increased its holdings in shares of Kaiser Aluminum by 47.7% in the second quarter. Sei Investments Co. now owns 23,079 shares of the industrial products company's stock worth $2,029,000 after buying an additional 7,450 shares during the period. AQR Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 40.4% in the second quarter. AQR Capital Management LLC now owns 7,969 shares of the industrial products company's stock worth $700,000 after buying an additional 2,294 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Kaiser Aluminum by 5.3% in 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 during the period. Finally, Truist Financial Corp purchased a new position in shares of Kaiser Aluminum in the second quarter worth about $340,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Up 1.9 %

Shares of KALU traded up $1.32 during trading hours on Thursday, hitting $71.48. The company had a trading volume of 82,234 shares, compared to its average volume of 86,864. The firm has a market cap of $1.15 billion, a P/E ratio of 24.73 and a beta of 1.34. The stock's 50 day moving average price is $73.28 and its 200 day moving average price is $74.01. The company has a quick ratio of 1.36, a current ratio of 2.60 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 52-week low of $60.71 and a 52-week high of $102.42.

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 $0.77 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.31%. Kaiser Aluminum's dividend payout ratio is currently 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.