World Kinect Co. (NYSE:WKC) Short Interest Update

World Kinect Co. (NYSE:WKC - Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 5,150,000 shares, a decrease of 18.8% from the December 31st total of 6,340,000 shares. Based on an average daily volume of 838,200 shares, the days-to-cover ratio is presently 6.1 days. Approximately 9.2% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WKC. Pacer Advisors Inc. purchased a new position in World Kinect in the third quarter valued at about $138,806,000. Hennessy Advisors Inc. bought a new stake in shares of World Kinect in the 4th quarter valued at about $50,707,000. Kingsview Wealth Management LLC purchased a new position in shares of World Kinect in the 4th quarter worth approximately $2,248,000. Assenagon Asset Management S.A. bought a new position in shares of World Kinect during the 4th quarter worth approximately $2,055,000. Finally, Algert Global LLC purchased a new stake in World Kinect during the second quarter valued at approximately $1,901,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered World Kinect from a "buy" rating to a "hold" rating and decreased their target price for the company from $33.00 to $32.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, World Kinect currently has an average rating of "Hold" and a consensus target price of $30.20.

World Kinect Stock Down 1.4 %

Shares of WKC traded down $0.40 during mid-day trading on Monday, hitting $27.87. The company's stock had a trading volume of 224,445 shares, compared to its average volume of 555,695. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.91 and a beta of 1.27. The company's 50-day moving average is $28.09 and its 200-day moving average is $28.36. The company has a current ratio of 1.16, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. World Kinect has a 52-week low of $21.38 and a 52-week high of $31.70.

World Kinect Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 annualized dividend and a yield of 2.44%. World Kinect's dividend payout ratio (DPR) is presently 30.22%.

About World Kinect

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.