The EVP & CFO of Kraton (KRA) is Buying Shares


Today, the EVP & CFO of Kraton (NYSE: KRA), Stephen Tremblay, bought shares of KRA for $340.4K.

This recent transaction increases Stephen Tremblay’s holding in the company by 10.27% to a total of $4.26 million. This is Tremblay’s first Buy trade following 3 Sell transactions.

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Based on Kraton’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $538 million and GAAP net loss of $14.72 million. In comparison, last year the company earned revenue of $525 million and had a net profit of $25.06 million. KRA’s market cap is $1.52B and the company has a P/E ratio of 21.18. Currently, Kraton has an average volume of 79.92K.

Starting in October 2017, KRA received 4 Buy ratings in a row.

In the last 30 days, insiders have sold $454.1K worth of KRA shares and purchased $340.4K worth of KRA shares. The insider sentiment on Kraton has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Kraton Corp. engages in the manufacture and marketing of styrenic block copolymers, specialty polymers, and other products primarily derived from pine wood pulping co-products. Its products are used for adhesives; coatings; consumer and personal care products; sealants and lubricants; and medical, packaging, automotive, paving, and roofing products.

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