Barry J. Goldstein Sells 16,651 Shares of Kraton Corporation (KRA) Stock

Kraton Corporation (NYSE:KRA) Director Barry J. Goldstein sold 16,651 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $49.15, for a total transaction of $818,396.65. Following the transaction, the director now directly owns 42,323 shares of the company’s stock, valued at $2,080,175.45. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kraton Corporation (KRA) traded down $0.64 during trading on Thursday, hitting $48.70. 225,909 shares of the stock were exchanged, compared to its average volume of 324,755. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. Kraton Corporation has a one year low of $25.09 and a one year high of $51.23. The company has a market cap of $1,537.89, a P/E ratio of 19.90 and a beta of 1.21.

Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.57. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The company had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same period last year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts expect that Kraton Corporation will post 2.96 EPS for the current year.

WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/09/barry-j-goldstein-sells-16651-shares-of-kraton-corporation-kra-stock.html.

KRA has been the subject of several recent analyst reports. BidaskClub raised shares of Kraton Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Kraton Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, October 17th. SunTrust Banks, Inc. restated a “buy” rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. UBS AG initiated coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Loop Capital initiated coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Kraton Corporation presently has a consensus rating of “Hold” and an average target price of $51.50.

Institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new stake in Kraton Corporation in the 2nd quarter valued at about $220,000. Brookfield Asset Management Inc. lifted its position in Kraton Corporation by 5.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 475,000 shares of the specialty chemicals company’s stock valued at $16,359,000 after purchasing an additional 25,000 shares during the last quarter. Northern Trust Corp lifted its position in Kraton Corporation by 10.3% in the 2nd quarter. Northern Trust Corp now owns 648,883 shares of the specialty chemicals company’s stock valued at $22,348,000 after purchasing an additional 60,449 shares during the last quarter. US Bancorp DE lifted its position in Kraton Corporation by 0.6% in the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after purchasing an additional 21 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Kraton Corporation by 3.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 17,430 shares of the specialty chemicals company’s stock valued at $539,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

About Kraton Corporation

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.

Insider Buying and Selling by Quarter for Kraton Corporation (NYSE:KRA)

Receive News & Ratings for Kraton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply