JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Bryan A. Hanley, Senior Vice President and Treasurer of Kronos Worldwide Inc . (NYSE:KRO), recently acquired additional shares of the company’s common stock. The insider purchase comes as the stock trades near its 52-week low of $7.17, having declined about 11% in the past week. According to InvestingPro analysis, the stock appears undervalued at current levels. According to a recent SEC filing, Hanley purchased a total of 1,000 shares on March 11, 2025. The shares were bought at prices ranging from $7.36 to $7.50 each, amounting to a total investment of $7,430. Following these transactions, Hanley now holds 3,500 shares of Kronos Worldwide directly. The company, currently valued at $843 million, trades at an attractive P/E ratio of 9.8x and has maintained dividend payments for 16 consecutive years. InvestingPro subscribers can access 8 additional key insights about KRO’s financial health and valuation metrics.
In other recent news, Kronos Worldwide Inc. announced adjustments to its credit agreement, originally established on April 20, 2021. The company has entered into a third amendment, which allows for its 3.75% Senior Secured Notes, due in 2025, to remain outstanding without affecting the maturity date of its $300 million credit facility. This adjustment is contingent upon meeting a minimum liquidity condition, while the overall maturity date of the credit facility remains set for July 17, 2029. Additionally, the amendment broadens the definition of Notes Indenture to include the indenture for the 9.50% Senior Secured Notes due in 2029. These changes are part of Kronos Worldwide’s strategy to enhance flexibility in managing its long-term debt obligations. The company filed these details with the Securities and Exchange Commission as part of their ongoing financial strategy. This move reflects Kronos Worldwide’s efforts to maintain a stable financial standing.
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