Morgan Dempsey Capital Management LLC Sells 6,112 Shares of Kimball Electronics Inc. (KE)
Morgan Dempsey Capital Management LLC cut its position in shares of Kimball Electronics Inc. (NASDAQ:KE) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 169,821 shares of the company’s stock after selling 6,112 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Kimball Electronics were worth $2,114,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock worth $5,989,000 after buying an additional 14,300 shares during the period. NWQ Investment Management Company LLC increased its position in shares of Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock worth $8,140,000 after buying an additional 32,135 shares in the last quarter. BKD Wealth Advisors LLC increased its position in shares of Kimball Electronics by 1,816.2% in the second quarter. BKD Wealth Advisors LLC now owns 480,478 shares of the company’s stock worth $5,982,000 after buying an additional 455,404 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kimball Electronics by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 152,408 shares of the company’s stock worth $1,702,000 after buying an additional 43,754 shares in the last quarter. 54.84% of the stock is owned by institutional investors.
Kimball Electronics Inc. (NASDAQ:KE) traded up 1.23% on Thursday, hitting $14.03. The company’s stock had a trading volume of 105,252 shares. The firm has a market cap of $395.01 million, a price-to-earnings ratio of 18.46 and a beta of 0.91. Kimball Electronics Inc. has a 12 month low of $9.15 and a 12 month high of $14.28. The firm has a 50 day moving average of $12.54 and a 200 day moving average of $11.92.
Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $220.40 million for the quarter, compared to analysts’ expectations of $201.13 million. Kimball Electronics had a net margin of 2.65% and a return on equity of 6.98%. Equities research analysts forecast that Kimball Electronics Inc. will post $0.86 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on KE. Zacks Investment Research upgraded Kimball Electronics from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley restated a “buy” rating and set a $14.50 price target on shares of Kimball Electronics in a report on Tuesday, August 9th.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics Inc. (NASDAQ:KE).
Receive News & Ratings for Kimball Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.