Dark Forest Capital Management LP Purchases 6,276 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Dark Forest Capital Management LP lifted its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 103.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,342 shares of the industrial products company's stock after purchasing an additional 6,276 shares during the quarter. Dark Forest Capital Management LP owned about 0.08% of Kaiser Aluminum worth $867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. AlphaQuest LLC lifted its position in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 542 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum in the 4th quarter valued at approximately $52,000. KBC Group NV lifted its position in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 410 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Kaiser Aluminum by 325.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock valued at $124,000 after acquiring an additional 1,352 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Kaiser Aluminum in the 4th quarter valued at approximately $213,000. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU traded up $0.38 during midday trading on Tuesday, hitting $64.76. The company had a trading volume of 77,638 shares, compared to its average volume of 137,836. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 22.51 and a beta of 1.32. Kaiser Aluminum Co. has a 12-month low of $46.81 and a 12-month high of $102.42. The company has a fifty day moving average of $62.71 and a two-hundred day moving average of $70.53.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.53 by $0.91. The firm had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. Kaiser Aluminum's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 EPS. On average, equities research analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.76%. Kaiser Aluminum's dividend payout ratio (DPR) is 115.36%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KALU shares. Benchmark decreased their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday.

Kaiser Aluminum 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.