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

GSA Capital Partners LLP lifted its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 233.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,261 shares of the financial services provider’s stock after acquiring an additional 98,848 shares during the quarter. GSA Capital Partners LLP’s holdings in Kennedy-Wilson were worth $1,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KW. Sterling Capital Management LLC grew its position in shares of Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 3,248 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at approximately $114,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $131,000. Teacher Retirement System of Texas acquired a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $139,000. Finally, XTX Topco Ltd acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at approximately $151,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 3.1%

Shares of KW stock opened at $7.41 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 6.23. The stock has a market cap of $1.02 billion, a P/E ratio of -7.06, a price-to-earnings-growth ratio of 26.72 and a beta of 1.07. The stock has a 50 day simple moving average of $6.94 and a 200 day simple moving average of $7.71. Kennedy-Wilson Holdings Inc. has a 1 year low of $5.98 and a 1 year high of $11.88.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company 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%. On average, research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend was Monday, June 30th. Kennedy-Wilson’s payout ratio is presently -45.71%.

Insiders Place Their Bets

In other Kennedy-Wilson news, CEO William J. Mcmorrow bought 200,000 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the purchase, the chief executive officer directly owned 8,049,517 shares of the company’s stock, 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 available through the SEC website. 20.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday.

Kennedy-Wilson 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.