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

KPP Advisory Services LLC bought a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,397 shares of the electronics maker's stock, valued at approximately $237,000. KPP Advisory Services LLC owned 0.06% of Kimball Electronics as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings 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 valued at $69,000 after acquiring an additional 4,070 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Kimball Electronics during the 4th quarter valued at approximately $82,000. Aquatic Capital Management LLC grew its holdings in Kimball Electronics by 211.6% in the 4th quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock valued at $163,000 after buying an additional 5,926 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Kimball Electronics in the 4th quarter valued at approximately $201,000. Finally, Point72 Asset Management L.P. increased its position in Kimball Electronics by 17.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock worth $204,000 after buying an additional 1,584 shares during the period. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Stock Performance

Shares of KE traded up $0.40 during trading hours on Tuesday, reaching $19.63. 164,346 shares of the company traded hands, compared to its average volume of 137,504. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 2.14. The stock's fifty day moving average is $17.75 and its 200 day moving average is $17.31. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $24.45. The stock has a market cap of $478.58 million, a P/E ratio of 27.65 and a beta of 1.19.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.