Penn Capital Management Company LLC Makes New Investment in Quaker Chemical Co. (NYSE:KWR)

Penn Capital Management Company LLC purchased a new position in shares of Quaker Chemical Co. (NYSE:KWR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,020 shares of the specialty chemicals company's stock, valued at approximately $425,000.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Quaker Chemical by 284.2% during the third quarter. Barclays PLC now owns 28,395 shares of the specialty chemicals company's stock worth $4,784,000 after buying an additional 21,004 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Quaker Chemical by 12.8% in the third quarter. Franklin Resources Inc. now owns 13,483 shares of the specialty chemicals company's stock valued at $2,184,000 after acquiring an additional 1,532 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Quaker Chemical by 53.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 46,158 shares of the specialty chemicals company's stock worth $7,777,000 after purchasing an additional 16,051 shares during the period. JPMorgan Chase & Co. grew its position in Quaker Chemical by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 636,739 shares of the specialty chemicals company's stock valued at $107,284,000 after buying an additional 90,726 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Quaker Chemical by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,013 shares of the specialty chemicals company's stock worth $1,269,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Analyst Upgrades and Downgrades

KWR has been the subject of several recent research reports. Royal Bank of Canada decreased their price objective on Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Piper Sandler reduced their target price on Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of Quaker Chemical from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th.

Quaker Chemical Price Performance

KWR traded up $0.21 during trading on Monday, reaching $105.29. The stock had a trading volume of 111,656 shares, compared to its average volume of 128,423. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market cap of $1.86 billion, a PE ratio of 15.44, a PEG ratio of 1.62 and a beta of 1.44. The business has a 50-day moving average of $121.61 and a 200-day moving average of $139.59. Quaker Chemical Co. has a one year low of $95.91 and a one year high of $197.03.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.29). The business had revenue of $444.09 million during the quarter, compared to the consensus estimate of $430.47 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. During the same period in the prior year, the firm earned $1.78 earnings per share. As a group, equities research analysts anticipate that Quaker Chemical Co. will post 7.75 EPS for the current fiscal year.

Quaker Chemical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, April 16th. Quaker Chemical's dividend payout ratio (DPR) is 29.80%.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.