Quadrature Capital Ltd Makes New Investment in Kaman Co. (NYSE:KAMN)

Quadrature Capital Ltd bought a new position in shares of Kaman Co. (NYSE:KAMN – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,102 shares of the industrial products company’s stock, valued at approximately $226,000.

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Kaman by 0.6% in the 1st quarter. Rhumbline Advisers now owns 80,515 shares of the industrial products company’s stock worth $3,501,000 after purchasing an additional 452 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Kaman by 0.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 52,699 shares of the industrial products company’s stock worth $1,647,000 after purchasing an additional 466 shares during the period. Texas Permanent School Fund raised its holdings in shares of Kaman by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 20,222 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 478 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Kaman by 17.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,699 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 686 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Kaman by 49.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 748 shares during the period. Institutional investors own 86.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Kaman from a “hold” rating to a “sell” rating in a report on Friday.

Kaman Stock Down 5.1 %

Kaman stock opened at $22.16 on Tuesday. Kaman Co. has a 1-year low of $18.88 and a 1-year high of $46.50. The firm has a market capitalization of $621.14 million, a price-to-earnings ratio of -13.35 and a beta of 0.99. The company has a current ratio of 3.41, a quick ratio of 2.02 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $24.30 and a 200 day simple moving average of $25.38.

Kaman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Tuesday, March 21st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 20th. This represents a $0.80 dividend on an annualized basis and a yield of 3.61%. Kaman’s dividend payout ratio is -48.19%.

Kaman Company Profile

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Kaman Corp. engages in the design, manufacture and distribution of aircrafts, aircraft parts and components. It operates through the following three segments: Engineered Products, Precision Products and Structures. The firm produces and markets proprietary aircraft bearings and components, super precision, miniature ball bearings, proprietary spring energized seals, springs and contacts, complex metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft, and safe and arming solutions for missile and bomb systems for the U.S.