GSA Capital Partners LLP Invests $453,000 in Kaiser Aluminum Co. (NASDAQ:KALU)

GSA Capital Partners LLP bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,965 shares of the industrial products company's stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new stake in Kaiser Aluminum in the fourth quarter valued at about $58,000. Point72 Hong Kong Ltd acquired a new stake in Kaiser Aluminum during the second quarter worth approximately $80,000. Captrust Financial Advisors raised its position in shares of Kaiser Aluminum by 76.1% in the 1st quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company's stock valued at $96,000 after buying an additional 439 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Kaiser Aluminum by 14.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,655 shares of the industrial products company's stock worth $102,000 after buying an additional 206 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kaiser Aluminum by 57.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,578 shares of the industrial products company's stock valued at $158,000 after acquiring an additional 940 shares during the last quarter. Institutional investors own 99.65% of the company's stock.

Several analysts have recently weighed in on KALU shares. Wolfe Research lowered shares of Kaiser Aluminum from a "peer perform" rating to an "underperform" rating and set a $67.00 price objective for the company. in a research note on Wednesday, April 12th. The Goldman Sachs Group lowered their price target on shares of Kaiser Aluminum from $80.00 to $70.00 and set a "sell" rating on the stock in a report on Monday, February 27th. JPMorgan Chase & Co. began coverage on shares of Kaiser Aluminum in a research report on Monday, May 8th. They set a "neutral" rating and a $69.00 target price for the company. StockNews.com initiated coverage on Kaiser Aluminum in a research report on Thursday, May 18th. They set a "sell" rating on the stock. Finally, Benchmark reduced their price objective on shares of Kaiser Aluminum from $105.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $72.50.

NASDAQ KALU opened at $68.21 on Wednesday. The stock has a market cap of $1.09 billion, a PE ratio of -49.43 and a beta of 1.28. The company has a current ratio of 2.61, a quick ratio of 1.29 and a debt-to-equity ratio of 1.70. Kaiser Aluminum Co. has a 12 month low of $56.79 and a 12 month high of $104.30. The company's 50-day moving average price is $65.19 and its 200-day moving average price is $75.76.

Kaiser Aluminum (NASDAQ:KALU - Get Rating) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.58. Kaiser Aluminum had a negative return on equity of 3.35% and a negative net margin of 0.65%. The company had revenue of $808.00 million for the quarter, compared to analyst estimates of $810.25 million. During the same period in the prior year, the company posted $0.66 EPS. The firm's quarterly revenue was down 14.9% compared to the same quarter last year. Equities research analysts forecast that Kaiser Aluminum Co. will post 3.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, April 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Monday, April 24th. Kaiser Aluminum's payout ratio is -223.19%.

Kaiser Aluminum Corp. engages in the manufacture and sale of semi-fabricated specialty aluminum products. The firm caters to the aerospace, general engineering, automotive, and custom industrial applications industries. Its products include plate, sheet, coil, hard alloy shapes, soft alloy extrusions, seamless and structural extruded, drawn tube, hard alloy rod, bar, wire and forge stock.

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