Tributary Capital Management LLC Purchases 22,839 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Tributary Capital Management LLC raised its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,315 shares of the industrial products company's stock after acquiring an additional 22,839 shares during the quarter. Tributary Capital Management LLC owned about 1.67% of Kaiser Aluminum worth $18,925,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Kaiser Aluminum by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 760,500 shares of the industrial products company's stock valued at $66,846,000 after purchasing an additional 16,148 shares during the period. Renaissance Technologies LLC bought a new position in Kaiser Aluminum in the second quarter worth approximately $448,000. Mercer Global Advisors Inc. ADV acquired a new stake in Kaiser Aluminum in the second quarter valued at approximately $207,000. Hsbc Holdings PLC increased its holdings in shares of Kaiser Aluminum by 34.3% during the second quarter. Hsbc Holdings PLC now owns 8,375 shares of the industrial products company's stock valued at $731,000 after acquiring an additional 2,141 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Kaiser Aluminum during the second quarter worth approximately $295,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 1.1 %

NASDAQ KALU traded down $0.79 during mid-day trading on Friday, hitting $72.44. The company's stock had a trading volume of 86,798 shares, compared to its average volume of 70,905. 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's 50 day simple moving average is $75.23 and its 200 day simple moving average is $75.38. Kaiser Aluminum Co. has a twelve month low of $60.71 and a twelve month high of $102.42. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.07 and a beta of 1.35.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $748.00 million during the quarter, compared to analysts' expectations of $793.30 million. Kaiser Aluminum had a return on equity of 6.92% and a net margin of 1.59%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts anticipate that Kaiser Aluminum Co. will post 2.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a $0.77 dividend. 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 4.25%. Kaiser Aluminum's payout ratio is presently 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.