125,262 Shares in Kimball Electronics, Inc. $KE Bought by Globeflex Capital L P

Key Points

• Globeflex Capital acquired 125,262 shares of Kimball Electronics valued at approximately $3.2 million, representing about 0.52% of the company. Institutional investors collectively own 75.99% of the stock.
• Kimball Electronics reported a quarterly loss of $0.01 per share, missing analyst expectations of $0.39, while revenue of $371.57 million was slightly below forecasts.
• The stock opened at $23.11, well below its 52-week high of $33.19. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $32.00.

Globeflex Capital L P acquired a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 125,262 shares of the electronics maker's stock, valued at approximately $3,207,000. Globeflex Capital L P owned about 0.52% of Kimball Electronics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its position in shares of Kimball Electronics by 1.2% in the fourth quarter. Comerica Bank now owns 27,812 shares of the electronics maker's stock valued at $774,000 after buying an additional 336 shares in the last quarter. Cardinal Capital Management raised its stake in shares of Kimball Electronics by 0.4% during the 4th quarter. Cardinal Capital Management now owns 106,570 shares of the electronics maker's stock worth $2,965,000 after buying an additional 372 shares during the last quarter. Barclays PLC boosted its position in shares of Kimball Electronics by 0.7% in the 4th quarter. Barclays PLC now owns 69,334 shares of the electronics maker's stock worth $1,929,000 after buying an additional 498 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Kimball Electronics by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker's stock worth $1,229,000 after buying an additional 561 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock valued at $242,000 after acquiring an additional 624 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $23.11 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $553.95 million, a P/E ratio of 20.45, a P/E/G ratio of 1.03 and a beta of 1.23. Kimball Electronics, Inc. has a 52-week low of $21.01 and a 52-week high of $33.19. The stock's fifty day simple moving average is $25.06 and its 200-day simple moving average is $25.15.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%.The company had revenue of $371.57 million for the quarter, compared to analysts' expectations of $373.63 million. As a group, equities research analysts forecast that Kimball Electronics, Inc. will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on KE shares. KeyCorp began coverage on shares of Kimball Electronics in a report on Thursday, July 2nd. They set a "sector weight" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Kimball Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company's core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.

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