Peapod Lane Capital LLC Invests $519,000 in Kimball Electronics, Inc. (NASDAQ:KE)

Peapod Lane Capital LLC acquired a new stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,569 shares of the electronics maker's stock, valued at approximately $519,000. Peapod Lane Capital LLC owned about 0.13% of Kimball Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its position in shares of Kimball Electronics by 37.2% during the 4th quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker's stock worth $1,599,000 after purchasing an additional 23,168 shares during the period. GAMMA Investing LLC lifted its stake 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 purchasing an additional 4,070 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Kimball Electronics by 116.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker's stock worth $1,474,000 after buying an additional 42,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kimball Electronics by 17.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,200 shares of the electronics maker's stock valued at $2,102,000 after buying an additional 16,674 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kimball Electronics by 4.5% in 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 buying an additional 608 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE traded down $0.49 during trading on Friday, reaching $19.54. The company had a trading volume of 91,780 shares, compared to its average volume of 138,304. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two 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. The stock's fifty day moving average price is $18.64 and its 200 day moving average price is $17.38. The firm has a market capitalization of $476.39 million, a price-to-earnings ratio of 27.52 and a beta of 1.19.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.75.

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.