De Lisle Partners LLP Takes $1.92 Million Position in Kewaunee Scientific Corporation $KEQU

Key Points

• De Lisle Partners LLP acquired 52,626 shares of Kewaunee Scientific, worth approximately $1.92 million and representing about 1.83% of the company.
• Several other institutions increased or initiated positions, bringing total institutional ownership to 32.69% of Kewaunee Scientific’s outstanding stock.
• The stock carries a consensus “Hold” rating. Kewaunee reported quarterly revenue of $71.4 million and earnings of $1.14 per share, down from $1.95 per share in the year-ago quarter.

De Lisle Partners LLP acquired a new stake in Kewaunee Scientific Corporation (NASDAQ:KEQU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 52,626 shares of the technology company's stock, valued at approximately $1,919,000. De Lisle Partners LLP owned approximately 1.83% of Kewaunee Scientific as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northeast Investment Management acquired a new position in Kewaunee Scientific in the fourth quarter valued at about $748,000. Minerva Advisors LLC raised its position in shares of Kewaunee Scientific by 51.8% during the fourth quarter. Minerva Advisors LLC now owns 121,863 shares of the technology company's stock worth $4,559,000 after purchasing an additional 41,589 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in shares of Kewaunee Scientific by 23.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 100,702 shares of the technology company's stock valued at $3,451,000 after purchasing an additional 18,867 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Kewaunee Scientific by 65.8% during the 1st quarter. Jane Street Group LLC now owns 8,052 shares of the technology company's stock valued at $317,000 after purchasing an additional 3,196 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in shares of Kewaunee Scientific in the 3rd quarter valued at approximately $713,000. 32.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Kewaunee Scientific in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Kewaunee Scientific Price Performance

KEQU stock opened at $37.07 on Friday. The stock has a 50-day moving average price of $36.53 and a two-hundred day moving average price of $37.45. The stock has a market cap of $106.39 million, a PE ratio of 11.51 and a beta of 0.72. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Kewaunee Scientific Corporation has a 1 year low of $33.27 and a 1 year high of $60.89.

Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last issued its quarterly earnings results on Tuesday, June 23rd. The technology company reported $1.14 EPS for the quarter. The company had revenue of $71.40 million for the quarter. Kewaunee Scientific had a return on equity of 14.10% and a net margin of 3.41%.During the same quarter last year, the firm earned $1.95 earnings per share.

Kewaunee Scientific Profile

Kewaunee Scientific Corporation NASDAQ: KEQU is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.

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