Charles C. Meeks, Jr. Sells 20,000 Shares of KEMET Co. (KEM) Stock
KEMET Co. (NYSE:KEM) insider Charles C. Meeks, Jr. sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $18.13, for a total value of $362,600.00. Following the transaction, the insider now directly owns 218,310 shares in the company, valued at approximately $3,957,960.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
KEMET Co. (NYSE KEM) opened at $17.80 on Monday. KEMET Co. has a 12-month low of $10.70 and a 12-month high of $27.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.49 and a quick ratio of 1.74. The company has a market capitalization of $1,007.58, a P/E ratio of 13.19 and a beta of 3.61.
KEMET (NYSE:KEM) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company had revenue of $306.40 million for the quarter, compared to the consensus estimate of $295.68 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. sell-side analysts expect that KEMET Co. will post 1.62 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in shares of KEMET by 14.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 17,027 shares of the electronics maker’s stock valued at $360,000 after purchasing an additional 2,110 shares during the last quarter. LPL Financial LLC grew its position in shares of KEMET by 18.1% in the fourth quarter. LPL Financial LLC now owns 29,201 shares of the electronics maker’s stock valued at $440,000 after purchasing an additional 4,470 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in shares of KEMET in the third quarter valued at approximately $108,000. UBS Asset Management Americas Inc. grew its position in shares of KEMET by 46.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 16,400 shares of the electronics maker’s stock valued at $247,000 after purchasing an additional 5,200 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in shares of KEMET by 9.0% in the fourth quarter. James Investment Research Inc. now owns 71,630 shares of the electronics maker’s stock valued at $1,079,000 after buying an additional 5,910 shares during the period. 69.94% of the stock is currently owned by institutional investors.
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KEMET Company Profile
KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.
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