Dynamic Technology Lab Private Ltd bought a new stake in KapStone Paper and Packaging Corp. (NYSE:KS) during the second quarter, Holdings Channel reports. The fund bought 40,702 shares of the company’s stock, valued at approximately $530,000.

Several other large investors have also recently modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 223.0% in the first quarter. Prudential Financial Inc. now owns 1,866,632 shares of the company’s stock valued at $25,853,000 after buying an additional 1,288,670 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 174.0% in the first quarter. Envestnet Asset Management Inc. now owns 169,681 shares of the company’s stock valued at $2,350,000 after buying an additional 107,750 shares during the period. BlackRock Group LTD boosted its stake in shares of KapStone Paper and Packaging Corp. by 46.5% in the first quarter. BlackRock Group LTD now owns 271,515 shares of the company’s stock valued at $3,761,000 after buying an additional 86,157 shares during the period. William Harris Investors Inc. boosted its stake in shares of KapStone Paper and Packaging Corp. by 6.1% in the first quarter. William Harris Investors Inc. now owns 776,234 shares of the company’s stock valued at $10,751,000 after buying an additional 44,488 shares during the period. Finally, RMB Capital Management LLC boosted its stake in shares of KapStone Paper and Packaging Corp. by 12.1% in the first quarter. RMB Capital Management LLC now owns 453,237 shares of the company’s stock valued at $6,277,000 after buying an additional 49,000 shares during the period. 82.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded up 0.27% during mid-day trading on Monday, hitting $18.48. The company had a trading volume of 138,055 shares. The firm has a 50-day moving average price of $16.04 and a 200 day moving average price of $14.52. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.74 and a beta of 2.49. KapStone Paper and Packaging Corp. has a 52-week low of $8.95 and a 52-week high of $24.91.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.02. The company earned $784.91 million during the quarter, compared to analysts’ expectations of $820.11 million. KapStone Paper and Packaging Corp. had a net margin of 2.68% and a return on equity of 12.64%. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Analysts expect that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, September 28th. KapStone Paper and Packaging Corp.’s dividend payout ratio is presently 47.06%.

Several equities research analysts have recently issued reports on KS shares. Zacks Investment Research cut KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Bank of America Corp. raised KapStone Paper and Packaging Corp. from an “underperform” rating to a “neutral” rating and set a $18.00 price objective on the stock in a research note on Monday, August 29th. Dundee Securities raised KapStone Paper and Packaging Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 19th. Deutsche Bank AG boosted their price objective on KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Finally, Standpoint Research cut KapStone Paper and Packaging Corp. from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. KapStone Paper and Packaging Corp. has an average rating of “Hold” and an average target price of $17.69.

In related news, Director Jonathan R. Furer sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $15.09, for a total value of $377,250.00. Following the transaction, the director now directly owns 1,189,400 shares of the company’s stock, valued at approximately $17,948,046. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 13.30% of the stock is currently owned by corporate insiders.

About KapStone Paper and Packaging Corp.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

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