Gladius Capital Management LP Increases Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Gladius Capital Management LP boosted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 313.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,185 shares of the financial services provider’s stock after purchasing an additional 1,656 shares during the quarter. Gladius Capital Management LP’s holdings in Kennedy-Wilson were worth $27,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KW. State Board of Administration of Florida Retirement System raised its stake in Kennedy-Wilson by 3.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 35,319 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 1,325 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Kennedy-Wilson by 4.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,880 shares of the financial services provider’s stock valued at $667,000 after buying an additional 2,349 shares during the last quarter. abrdn plc increased its stake in Kennedy-Wilson by 10.9% in the 3rd quarter. abrdn plc now owns 25,963 shares of the financial services provider’s stock valued at $383,000 after buying an additional 2,553 shares during the period. Old West Investment Management LLC lifted its stake in shares of Kennedy-Wilson by 0.6% in the 3rd quarter. Old West Investment Management LLC now owns 448,665 shares of the financial services provider’s stock worth $6,613,000 after acquiring an additional 2,596 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Kennedy-Wilson by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 16,773 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Kennedy-Wilson Price Performance

Shares of NYSE:KW traded up $0.96 on Thursday, reaching $9.91. 2,239,141 shares of the company were exchanged, compared to its average volume of 1,319,155. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -4.03 and a beta of 1.04. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $17.43. The company has a 50-day moving average of $8.50 and a 200-day moving average of $10.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.25.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. The company had revenue of $140.10 million for the quarter. Equities analysts forecast that Kennedy-Wilson Holdings, Inc. will post -1.36 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 9.69%. The ex-dividend date was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -39.02%.

About Kennedy-Wilson

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.