Ellsworth Advisors LLC Takes $630,000 Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Ellsworth Advisors LLC bought a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,960 shares of the industrial products company's stock, valued at approximately $630,000. Ellsworth Advisors LLC owned approximately 0.06% of Kaiser Aluminum at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Kaiser Aluminum by 368.0% during the second quarter. Bank of Montreal Can now owns 65,877 shares of the industrial products company's stock worth $5,917,000 after buying an additional 51,802 shares in the last quarter. Systematic Financial Management LP increased its holdings in Kaiser Aluminum by 12.2% during the 3rd quarter. Systematic Financial Management LP now owns 234,917 shares of the industrial products company's stock valued at $17,036,000 after purchasing an additional 25,494 shares in the last quarter. Intech Investment Management LLC raised its position in Kaiser Aluminum by 578.6% in the 3rd quarter. Intech Investment Management LLC now owns 28,991 shares of the industrial products company's stock valued at $2,102,000 after purchasing an additional 24,719 shares during the last quarter. NFJ Investment Group LLC boosted its stake in Kaiser Aluminum by 20.8% in the third quarter. NFJ Investment Group LLC now owns 137,856 shares of the industrial products company's stock worth $9,997,000 after purchasing an additional 23,771 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Kaiser Aluminum by 87.4% during the second quarter. Thrivent Financial for Lutherans now owns 50,526 shares of the industrial products company's stock worth $4,441,000 after purchasing an additional 23,567 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

NASDAQ KALU traded down $1.08 on Tuesday, hitting $72.60. 84,633 shares of the company were exchanged, compared to its average volume of 85,403. Kaiser Aluminum Co. has a 1-year low of $60.71 and a 1-year high of $102.42. The firm has a 50 day moving average of $75.77 and a two-hundred day moving average of $75.65. 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 company has a market cap of $1.17 billion, a P/E ratio of 25.12 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.16). Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The company had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Kaiser Aluminum's revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that Kaiser Aluminum Co. will post 2.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.24%. Kaiser Aluminum's payout ratio is currently 106.57%.

Kaiser Aluminum Company 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.