Trade Report: Today, Nationwide Fund Advisors sells partial stakes of Kraton Performance Polymers Inc. (KRA)

Today, Nationwide Fund Advisors sells partial stakes of Kraton Performance Polymers Inc. (KRA)

Nationwide Fund Advisors decreased its stake in Kraton Performance Polymers Inc. (NYSE:KRA) by 51.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,906 shares of the company’s stock after selling 48,208 shares during the period. Nationwide Fund Advisors owned about 0.15% of Kraton Performance Polymers worth $1,609,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Aristotle Capital Boston LLC increased its position in shares of Kraton Performance Polymers by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 204,012 shares of the company’s stock valued at $5,698,000 after buying an additional 7,246 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Kraton Performance Polymers by 8.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 31,302 shares of the company’s stock valued at $874,000 after buying an additional 2,470 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Kraton Performance Polymers by 41.6% in the second quarter. Ameriprise Financial Inc. now owns 200,510 shares of the company’s stock valued at $5,600,000 after buying an additional 58,866 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kraton Performance Polymers by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,502,342 shares of the company’s stock valued at $69,889,000 after buying an additional 135,359 shares in the last quarter. Finally, Wilen Investment Management CORP. increased its position in shares of Kraton Performance Polymers by 8.9% in the second quarter. Wilen Investment Management CORP. now owns 67,242 shares of the company’s stock valued at $1,849,000 after buying an additional 5,500 shares in the last quarter. 97.50% of the stock is currently owned by institutional investors and hedge funds.

Kraton Performance Polymers Inc. (NYSE:KRA) traded down 1.47% on Friday, hitting $30.83. 166,223 shares of the stock traded hands. Kraton Performance Polymers Inc. has a 12 month low of $13.35 and a 12 month high of $37.50. The firm has a 50-day moving average price of $30.29 and a 200-day moving average price of $30.30. The company has a market capitalization of $953.14 million, a PE ratio of 8.95 and a beta of 1.67.

Kraton Performance Polymers (NYSE:KRA) last posted its earnings results on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $454.14 million for the quarter, compared to analysts’ expectations of $454.01 million. Kraton Performance Polymers had a net margin of 6.79% and a return on equity of 18.56%. The company’s revenue for the quarter was up 68.8% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Analysts forecast that Kraton Performance Polymers Inc. will post $2.48 earnings per share for the current year.

Several research analysts have recently weighed in on KRA shares. Zacks Investment Research cut shares of Kraton Performance Polymers from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 2nd. TheStreet cut shares of Kraton Performance Polymers from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th.

In other news, Director Dan F. Smith sold 14,801 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $36.51, for a total value of $540,384.51. Following the sale, the director now directly owns 66,254 shares in the company, valued at approximately $2,418,933.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen A. Twitchell sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $36.31, for a total transaction of $145,240.00. Following the completion of the sale, the director now owns 18,447 shares in the company, valued at $669,810.57. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.

About Kraton Performance Polymers

Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. It operates through the manufacturing and marketing of engineered polymers segment.

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