Intel stock extends gains after report of possible U.S. government stake
In a recent series of transactions, Kevin B. Kramer, a director at Kronos Worldwide Inc . (NYSE:KRO), purchased a significant amount of the company’s stock. According to the latest SEC filings, Kramer acquired a total of 10,000 shares of common stock on March 11, 2025. The purchases were made at prices ranging from $7.37 to $7.53 per share, amounting to a total investment of $104,080. The timing is notable as the stock trades near its 52-week low of $7.17, with InvestingPro analysis indicating the shares are currently undervalued.
These acquisitions increase Kramer’s direct ownership to 21,460 shares in the company. Kronos Worldwide, based in Dallas, Texas, is a prominent player in the industrial inorganic chemicals sector. The company’s stock transactions are closely watched by investors, as they can signal confidence in the company’s future performance. With a P/E ratio of 9.77, consistent profitability, and a 16-year track record of dividend payments, the company maintains solid fundamentals despite recent market pressure. InvestingPro subscribers can access 8 additional key insights about KRO’s financial health and market position.
In other recent news, Kronos Worldwide Inc. announced an amendment to its existing credit agreement, initially established in April 2021. This third amendment allows the company’s 3.75% Senior Secured Notes, due in 2025, to remain outstanding without affecting the maturity date of its $300 million credit facility. The maturity date of the credit facility remains set for July 17, 2029. The amendment also broadens the definition of Notes Indenture to include the 9.50% Senior Secured Notes due in 2029, issued by its subsidiary, Kronos International, Inc. This strategic financial adjustment offers Kronos Worldwide increased flexibility in managing its long-term debt. The details of this amendment were filed with the Securities and Exchange Commission as part of the company’s ongoing financial strategy. These recent developments reflect Kronos Worldwide’s efforts to maintain financial stability and manage its obligations effectively.
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