Springowl Associates Lowers stake in Kraton Performance Polymers Inc (KRA)

Kraton Performance Polymers Inc (KRA) : Springowl Associates reduced its stake in Kraton Performance Polymers Inc by 1.46% during the most recent quarter end. The investment management company now holds a total of 100,993 shares of Kraton Performance Polymers Inc which is valued at $2.7 Million after selling 1,500 shares in Kraton Performance Polymers Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kraton Performance Polymers Inc makes up approximately 22.53% of Springowl Associates’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in KRA in the latest quarter, The investment management firm added 227,503 additional shares and now holds a total of 2,366,983 shares of Kraton Performance Polymers Inc which is valued at $62.2 Million. Kraton Performance Polymers Inc makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Lsv Asset Management reduced its stake in KRA by selling 3,000 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 221,536 shares of KRA which is valued at $5.8 Million. Kraton Performance Polymers Inc makes up approx 0.01% of Lsv Asset Management’s portfolio. Secor Capital Advisors Lp sold out all of its stake in KRA during the most recent quarter. The investment firm sold 18,490 shares of KRA which is valued $485,917.Nine Chapters Capital Management reduced its stake in KRA by selling 41,100 shares or 78.29% in the most recent quarter. The Hedge Fund company now holds 11,400 shares of KRA which is valued at $299,592. Kraton Performance Polymers Inc makes up approx 0.03% of Nine Chapters Capital Management’s portfolio.

Kraton Performance Polymers Inc opened for trading at $26.89 and hit $27.22 on the upside on Wednesday, eventually ending the session at $26.74, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 3,20,841 shares. Company has a market cap of $825 M.

On the company’s financial health, Kraton Performance Polymers Inc reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.55. The company had revenue of $419.92 million for the quarter, compared to analysts expectations of $463.13 million. The company’s revenue was up 60.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Kraton Performance Polymers Inc. is a producer of styrenic block copolymers (SBCs) and other engineered polymers. The Company’s products are found in many everyday applications including personal care products such as disposable diapers and the rubberized grips of toothbrushes razor blades and power tools. Its products are also used to impart tack and shear properties in a wide variety of adhesive products and to impart characteristics such as flexibility and durability in sealants and corrosion resistance in coatings. It also produces Cariflex isoprene rubber and isoprene rubber latex. Its Cariflex products are used in applications such as surgical gloves and condoms. It manufactures its polymers at five manufacturing facilities globally including its flagship facility in Belpre Ohio as well as facilities in Germany France Brazil and Japan. The facility in Japan is operated by an unconsolidated manufacturing joint venture.

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