Peapod Lane Capital LLC bought a new position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,569 shares of the electronics maker's stock, valued at approximately $519,000. Peapod Lane Capital LLC owned 0.13% of Kimball Electronics at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in KE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kimball Electronics by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock valued at $263,000 after acquiring an additional 608 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Kimball Electronics by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after acquiring an additional 791 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in shares of Kimball Electronics by 4.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock valued at $446,000 after acquiring an additional 979 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock valued at $542,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its position in shares of Kimball Electronics by 8.2% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock valued at $375,000 after acquiring an additional 1,516 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Kimball Electronics Stock Up 0.1%
Shares of KE opened at $20.18 on Thursday. The stock has a market cap of $491.99 million, a price-to-earnings ratio of 28.42 and a beta of 1.19. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $24.45. The company has a 50-day moving average price of $18.44 and a two-hundred day moving average price of $17.39.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. Equities analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kimball Electronics presently has an average rating of "Moderate Buy" and a consensus target price of $22.75.
Get Our Latest Research Report on Kimball Electronics
Kimball Electronics Profile
(
Free Report)
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.
Further Reading
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