SG Americas Securities LLC Has $515,000 Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

SG Americas Securities LLC trimmed its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,322 shares of the industrial products company's stock after selling 3,655 shares during the period. SG Americas Securities LLC's holdings in Kaiser Aluminum were worth $515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KALU. Point72 DIFC Ltd bought a new stake in shares of Kaiser Aluminum during the third quarter worth approximately $41,000. nVerses Capital LLC acquired a new stake in Kaiser Aluminum during the 3rd quarter worth approximately $65,000. CWM LLC boosted its stake in Kaiser Aluminum by 125.3% in the 3rd quarter. CWM LLC now owns 1,282 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 713 shares during the period. Millburn Ridgefield Corp acquired a new position in Kaiser Aluminum in the 3rd quarter valued at $169,000. Finally, Virtu Financial LLC bought a new position in Kaiser Aluminum during the 3rd quarter worth $217,000. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock traded up $0.02 during trading on Wednesday, reaching $70.16. The company's stock had a trading volume of 54,181 shares, compared to its average volume of 87,069. Kaiser Aluminum Co. has a 52 week low of $60.71 and a 52 week high of $102.42. The firm has a market cap of $1.13 billion, a PE ratio of 24.28 and a beta of 1.34. The business's 50-day moving average price is $73.48 and its 200-day moving average price is $74.03. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 4.39%. 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.