GSA Capital Partners LLP Has $1.23 Million Position in Kennedy-Wilson Holdings Inc. (NYSE:KW)

Key Points

• GSA Capital Partners LLP increased its holdings in Kennedy-Wilson Holdings Inc. by 233.1% in Q1, now owning approximately $1.23 million in shares after purchasing an additional 98,848 shares.
• Kennedy-Wilson reported an EPS of ($0.01) for the last quarter, missing estimates by $0.04, with revenue significantly below consensus expectations at $128.3 million.
• The latest quarterly dividend was announced at $0.12 per share, resulting in an annualized dividend yield of 6.48%.

GSA Capital Partners LLP raised its position in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 233.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,261 shares of the financial services provider's stock after purchasing an additional 98,848 shares during the quarter. GSA Capital Partners LLP owned 0.08% of Kennedy-Wilson worth $1,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northern Trust Corp raised its stake in Kennedy-Wilson by 18.2% in the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock valued at $15,704,000 after buying an additional 241,943 shares during the period. Rock Point Advisors LLC grew its position in shares of Kennedy-Wilson by 1.2% in the first quarter. Rock Point Advisors LLC now owns 1,059,030 shares of the financial services provider's stock valued at $9,192,000 after purchasing an additional 13,015 shares during the last quarter. Invesco Ltd. grew its position in shares of Kennedy-Wilson by 10.3% in the fourth quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock valued at $8,582,000 after purchasing an additional 79,907 shares during the last quarter. Millennium Management LLC grew its position in Kennedy-Wilson by 4.9% during the fourth quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider's stock worth $8,417,000 after buying an additional 39,702 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Kennedy-Wilson by 3.0% during the first quarter. Harbor Capital Advisors Inc. now owns 773,511 shares of the financial services provider's stock worth $6,714,000 after buying an additional 22,456 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Kennedy-Wilson from a "hold" rating to a "sell" rating in a research report on Monday, July 28th.

Kennedy-Wilson Price Performance

Shares of KW traded down $0.09 during trading hours on Friday, reaching $7.23. The stock had a trading volume of 1,032,051 shares, compared to its average volume of 783,076. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The stock has a market capitalization of $999.84 million, a PE ratio of -6.89, a PEG ratio of 25.29 and a beta of 1.10. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05. The company's 50-day moving average is $6.98 and its two-hundred day moving average is $7.68.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). The firm had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. Research analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 30th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Monday, June 30th. Kennedy-Wilson's dividend payout ratio (DPR) is currently -45.71%.

Insider Transactions at Kennedy-Wilson

In related news, CEO William J. Mcmorrow bought 200,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the transaction, the chief executive officer directly owned 8,049,517 shares in the company, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.30% of the stock is currently owned by corporate insiders.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.