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) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in Kimball Electronics by 3,256.0% in 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in Kimball Electronics in the fourth quarter worth $82,000. Aquatic Capital Management LLC raised its holdings in Kimball Electronics by 211.6% in the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after purchasing an additional 5,926 shares in the last quarter. Graham Capital Management L.P. bought a new position in Kimball Electronics in the fourth quarter worth $201,000. Finally, Point72 Asset Management L.P. raised its holdings 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 in the last quarter. Institutional investors own 75.99% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of 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 issued a buy rating to the company's stock. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Price Performance

KE traded down $0.15 during trading on Thursday, hitting $20.03. 95,984 shares of the company traded hands, compared to its average volume of 138,461. The company has a market cap of $488.33 million, a PE ratio of 28.21 and a beta of 1.19. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The company has a current ratio of 2.14, a quick ratio of 1.24 and a debt-to-equity ratio of 0.27. The stock's 50-day simple moving average is $18.44 and its two-hundred day simple moving average is $17.39.

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

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.