GSA Capital Partners LLP Purchases New Holdings in Kronos Worldwide Inc $KRO

GSA Capital Partners LLP acquired a new stake in shares of Kronos Worldwide Inc (NYSE:KRO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 91,995 shares of the specialty chemicals company’s stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Kronos Worldwide in the 2nd quarter valued at approximately $42,000. Wealthspire Retirement LLC acquired a new stake in shares of Kronos Worldwide during the first quarter worth approximately $66,000. Jain Global LLC bought a new stake in shares of Kronos Worldwide in the fourth quarter worth $46,000. IMC Chicago LLC bought a new stake in shares of Kronos Worldwide in the first quarter worth $68,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kronos Worldwide in the second quarter valued at $70,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Price Performance

Shares of NYSE KRO opened at $8.14 on Friday. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $936.91 million, a price-to-earnings ratio of -8.57 and a beta of 1.01. Kronos Worldwide Inc has a twelve month low of $4.08 and a twelve month high of $8.90. The business has a 50 day simple moving average of $6.83 and a 200-day simple moving average of $6.56.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $484.51 million. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%. As a group, equities research analysts expect that Kronos Worldwide Inc will post -0.33 earnings per share for the current year.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, September 3rd. Kronos Worldwide’s dividend payout ratio (DPR) is presently -21.05%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Zacks Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $8.00 price target on shares of Kronos Worldwide in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Kronos Worldwide presently has a consensus rating of “Sell” and an average price target of $8.00.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.