GSA Capital Partners LLP purchased a new stake in Graphic Packaging Holding Company (NYSE:GPK – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 92,454 shares of the industrial products company’s stock, valued at approximately $977,000.
Other large investors also recently modified their holdings of the company. Quarry LP lifted its position in shares of Graphic Packaging by 282.0% during the 3rd quarter. Quarry LP now owns 1,547 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 1,142 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Graphic Packaging by 13,971.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,970 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,956 shares during the period. Physician Wealth Advisors Inc. increased its stake in Graphic Packaging by 2,321.1% in the first quarter. Physician Wealth Advisors Inc. now owns 3,220 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,087 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Graphic Packaging by 1,075.7% during the second quarter. Versant Capital Management Inc now owns 3,480 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,184 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Graphic Packaging by 259.4% during the first quarter. Bessemer Group Inc. now owns 4,148 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 2,994 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.
Graphic Packaging Price Performance
GPK stock opened at $11.01 on Wednesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 16.67 and a beta of 0.66. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.60 and a current ratio of 1.38. Graphic Packaging Holding Company has a 52-week low of $8.78 and a 52-week high of $23.47. The business has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $10.82.
Graphic Packaging Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 4.0%. Graphic Packaging’s dividend payout ratio is 66.67%.
Analysts Set New Price Targets
A number of brokerages recently commented on GPK. Zacks Research raised Graphic Packaging from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a report on Wednesday, June 24th. Raymond James Financial downgraded Graphic Packaging from a “market perform” rating to an “underperform” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. started coverage on Graphic Packaging in a research report on Monday, June 29th. They set a “neutral” rating and a $11.70 target price on the stock. Finally, Robert W. Baird set a $13.00 price target on shares of Graphic Packaging in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Graphic Packaging currently has an average rating of “Reduce” and a consensus price target of $11.14.
Check Out Our Latest Stock Analysis on Graphic Packaging
Graphic Packaging Profile
Graphic Packaging Holding Company is a leading provider of sustainable paperboard packaging solutions, offering a broad portfolio of products designed for food, beverage and other consumer goods markets. The company specializes in the manufacture of containerboard, folding cartons and engineered fill materials, as well as beverage packaging systems including paperboard cups, carriers and related components.
Through a network of manufacturing facilities across North America, Europe and Latin America, Graphic Packaging serves a diverse customer base that includes major consumer packaged goods companies, quick-service restaurants and retail chains.
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