PDT Partners LLC Makes New Investment in Kimball Electronics, Inc. (NASDAQ:KE)

PDT Partners LLC bought a new stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,591 shares of the electronics maker's stock, valued at approximately $573,000. PDT Partners LLC owned about 0.12% of Kimball Electronics at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KE. KLP Kapitalforvaltning AS acquired a new stake in Kimball Electronics in the fourth quarter valued at $82,000. Aquatic Capital Management LLC raised its position in shares of Kimball Electronics by 211.6% in the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after buying an additional 5,926 shares during the period. SG Americas Securities LLC grew its holdings in shares of Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock worth $211,000 after purchasing an additional 2,528 shares during the period. AlphaQuest LLC raised its stake in shares of Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock valued at $285,000 after acquiring an additional 11,901 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Kimball Electronics by 18.8% during the 4th quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock valued at $305,000 after buying an additional 2,580 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Price Performance

Shares of KE stock traded up $2.75 during trading hours on Wednesday, hitting $17.46. 156,380 shares of the company's stock were exchanged, compared to its average volume of 122,326. The stock's 50-day moving average is $15.24 and its 200-day moving average is $17.48. The stock has a market cap of $428.66 million, a price-to-earnings ratio of 55.19 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The firm had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. As a group, research analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on KE. Lake Street Capital dropped their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.