GSA Capital Partners LLP Acquires 98,848 Shares of 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 lifted its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 233.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.08% of Kennedy-Wilson worth $1,226,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after buying an additional 3,248 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Kennedy-Wilson during the 4th quarter worth $114,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kennedy-Wilson during the 1st quarter worth $131,000. Teacher Retirement System of Texas bought a new stake in shares of Kennedy-Wilson during the 1st quarter worth $139,000. Finally, XTX Topco Ltd bought a new stake in shares of Kennedy-Wilson during the 4th quarter worth $151,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock traded down $0.09 during mid-day trading on Friday, reaching $7.23. The company had a trading volume of 1,032,051 shares, compared to its average volume of 887,334. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 6.23. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $11.88. The company has a 50 day moving average of $6.96 and a 200-day moving average of $7.70. The firm has a market cap of $999.86 million, a price-to-earnings ratio of -6.89, a PEG ratio of 25.88 and a beta of 1.07.

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

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 6.6%. Kennedy-Wilson's dividend payout ratio is -45.71%.

Insiders Place Their Bets

In related news, CEO William J. Mcmorrow purchased 200,000 shares of Kennedy-Wilson stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 20.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday.

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.