Emerald Mutual Fund Advisers Trust acquired a new position in KapStone Paper and Packaging Corporation (NYSE:KS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 310,105 shares of the basic materials company’s stock, valued at approximately $6,664,000. Emerald Mutual Fund Advisers Trust owned approximately 0.32% of KapStone Paper and Packaging Corporation at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Advisers Inc. PA purchased a new stake in shares of KapStone Paper and Packaging Corporation in the third quarter worth $9,167,000. Victory Capital Management Inc. grew its stake in shares of KapStone Paper and Packaging Corporation by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after acquiring an additional 1,292,605 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of KapStone Paper and Packaging Corporation in the third quarter worth $438,000. Phocas Financial Corp. grew its stake in shares of KapStone Paper and Packaging Corporation by 4.7% in the second quarter. Phocas Financial Corp. now owns 334,005 shares of the basic materials company’s stock worth $6,891,000 after acquiring an additional 14,902 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of KapStone Paper and Packaging Corporation in the second quarter worth $334,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

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Shares of KapStone Paper and Packaging Corporation (NYSE KS) opened at $22.88 on Friday. KapStone Paper and Packaging Corporation has a 12-month low of $17.72 and a 12-month high of $24.98. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 1.55 and a beta of 2.79. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The business had revenue of $868.42 million for the quarter, compared to analysts’ expectations of $839.36 million. During the same period last year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts predict that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were given a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 1.75%. KapStone Paper and Packaging Corporation’s payout ratio is 53.33%.

KS has been the topic of a number of recent research reports. ValuEngine raised KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research note on Wednesday, October 25th. Citigroup Inc initiated coverage on KapStone Paper and Packaging Corporation in a research note on Wednesday, August 16th. They issued a “buy” rating and a $25.00 target price on the stock. Stephens initiated coverage on KapStone Paper and Packaging Corporation in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research cut KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.38.

About KapStone Paper and Packaging Corporation

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Institutional Ownership by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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