Pacific Ridge Capital Partners LLC Boosts Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Pacific Ridge Capital Partners LLC grew its position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,300 shares of the electronics maker's stock after buying an additional 44,840 shares during the quarter. Kimball Electronics accounts for 1.5% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 24th largest position. Pacific Ridge Capital Partners LLC owned about 1.45% of Kimball Electronics worth $6,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in shares of Kimball Electronics during the third quarter valued at approximately $25,000. Quest Partners LLC bought a new stake in Kimball Electronics in the 3rd quarter worth approximately $61,000. KLP Kapitalforvaltning AS purchased a new stake in Kimball Electronics during the 4th quarter valued at $82,000. Quantbot Technologies LP lifted its holdings in shares of Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker's stock valued at $167,000 after buying an additional 8,196 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Kimball Electronics in the 3rd quarter worth $172,000. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Price Performance

Shares of NASDAQ KE traded down $0.30 during midday trading on Monday, reaching $16.26. The stock had a trading volume of 19,501 shares, compared to its average volume of 129,518. The company has a market capitalization of $399.14 million, a price-to-earnings ratio of 50.80 and a beta of 1.21. Kimball Electronics, Inc. has a 12-month low of $15.94 and a 12-month high of $24.45. The stock has a 50-day moving average of $17.51 and a 200-day moving average of $18.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28.

Remove Ads

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

KE has been the subject of several recent research reports. Lake Street Capital cut their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.