A Director at Kraton (NYSE: KRA) is Buying Shares

By Carrie Williams

Today, a Director at Kraton (NYSE: KRA), Francis Kalman, bought shares of KRA for $103K.

Following this transaction Francis Kalman’s holding in the company was increased by 22.65% to a total of $325K. Following Francis Kalman’s last KRA Buy transaction on February 26, 2016, the stock climbed by 7.8%.

Based on Kraton’s latest earnings report from June 30, the company posted quarterly revenue of $454.6M and quarterly net profit of $7.4M. In comparison, last year the company earned revenue of $269M and had a net profit of $8.45M. The company has a one year high of $37.50 and a one year low of $13.35. KRA’s market cap is $789.6M and the company has a P/E ratio of 7.42.

Four different firms, including KeyBanc and Oppenheimer, currently also have a Buy rating on the stock.

The insider sentiment on Kraton has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Kraton Corp. is a chemicals company, engages in the manufacture and market of styrenic block copolymers and other engineered polymers. The firm operates its business through the following geographical segments: the United States, Germany, China, Japan, Thailand, Brazil, Malaysia, France, the United Kingdom, Italy, Belgium, Netherlands, Sweden, Canada, South Korea, Mexico, Taiwan, Turkey, Argentina, Austria, Denmark, Poland, and All Other Countries. The polymers are used in a wide range of applications including adhesives, coatings, consumer and personal care products, sealants, lubricants, medical, packaging, automotive, paving, roofing, and footwear products under the Kraton, CariflexTM and NEXARTM brands. The company was founded on February 28, 2001 and is headquartered in Houston, TX.