Mutual of America Capital Management LLC Has $5.54 Million Stake in Kraton Corp (KRA)
Mutual of America Capital Management LLC reduced its position in Kraton Corp (NYSE:KRA) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,056 shares of the specialty chemicals company’s stock after selling 48,721 shares during the period. Mutual of America Capital Management LLC’s holdings in Kraton were worth $5,542,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new stake in shares of Kraton during the fourth quarter worth approximately $200,000. SG Americas Securities LLC acquired a new stake in shares of Kraton during the third quarter worth approximately $169,000. Delta Capital Management LLC acquired a new stake in shares of Kraton during the fourth quarter worth approximately $216,000. Fox Run Management L.L.C. acquired a new stake in shares of Kraton during the fourth quarter worth approximately $241,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Kraton by 31.4% during the third quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock worth $217,000 after purchasing an additional 1,282 shares during the period. 97.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kraton Corp (NYSE:KRA) opened at $48.06 on Monday. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. The stock has a market cap of $1,504.09, a P/E ratio of 19.46 and a beta of 1.13. Kraton Corp has a one year low of $25.09 and a one year high of $53.39.
In other Kraton news, Director Barry J. Goldstein sold 16,651 shares of Kraton stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total value of $818,396.65. Following the completion of the sale, the director now directly owns 42,323 shares in the company, valued at $2,080,175.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin Michael Fogarty sold 1,042 shares of Kraton stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $50.00, for a total transaction of $52,100.00. Following the completion of the sale, the insider now owns 197,731 shares of the company’s stock, valued at $9,886,550. The disclosure for this sale can be found here. 4.71% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/mutual-of-america-capital-management-llc-has-5-54-million-stake-in-kraton-corp-kra/1845790.html.
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. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
Want to see what other hedge funds are holding KRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraton Corp (NYSE:KRA).
Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.