101,301 Shares in Kennedy-Wilson Holdings Inc. $KW Purchased by Gabelli Funds LLC

Gabelli Funds LLC bought a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 101,301 shares of the financial services provider’s stock, valued at approximately $980,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in Kennedy-Wilson by 6.4% during the 3rd quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 1,863 shares during the period. Aberdeen Group plc boosted its stake in Kennedy-Wilson by 4.9% during the 4th quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 1,980 shares during the period. AlphaQuest LLC boosted its stake in Kennedy-Wilson by 4.9% during the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 2,047 shares during the period. Inscription Capital LLC boosted its stake in Kennedy-Wilson by 18.2% during the 3rd quarter. Inscription Capital LLC now owns 17,096 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 2,628 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Kennedy-Wilson by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,441 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 2,874 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Down 0.1%

Shares of KW opened at $10.99 on Friday. Kennedy-Wilson Holdings Inc. has a 12-month low of $6.00 and a 12-month high of $11.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 99.87 and a beta of 0.88. The stock’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.27.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.25. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s payout ratio is currently 436.36%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $11.00.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.