KPP Advisory Services LLC Makes New $237,000 Investment in Kimball Electronics, Inc. (NASDAQ:KE)

KPP Advisory Services LLC purchased a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,397 shares of the electronics maker's stock, valued at approximately $237,000. KPP Advisory Services LLC owned 0.06% of Kimball Electronics at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KE. GAMMA Investing LLC increased its position in Kimball Electronics by 3,256.0% during the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock worth $69,000 after acquiring an additional 4,070 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Kimball Electronics in the 4th quarter worth approximately $82,000. Aquatic Capital Management LLC increased its position in shares of Kimball Electronics by 211.6% during the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock valued at $163,000 after purchasing an additional 5,926 shares during the period. Graham Capital Management L.P. acquired a new position in shares of Kimball Electronics in the fourth quarter valued at $201,000. Finally, Point72 Asset Management L.P. lifted its position in Kimball Electronics by 17.0% in the fourth quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock worth $204,000 after purchasing an additional 1,584 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Performance

Kimball Electronics stock opened at $19.23 on Friday. The firm has a market capitalization of $468.83 million, a P/E ratio of 27.08 and a beta of 1.19. The stock has a fifty day moving average price of $17.51 and a two-hundred day moving average price of $17.32. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.24.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. As a group, analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Kimball Electronics 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.

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