Rice Hall James & Associates LLC purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,269 shares of the electronics maker’s stock, valued at approximately $1,500,000. Rice Hall James & Associates LLC owned approximately 0.26% of Kimball Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Kimball Electronics in the second quarter valued at about $140,000. Victory Capital Management Inc. purchased a new stake in shares of Kimball Electronics in the third quarter valued at about $213,000. Hancock Holding Co. purchased a new stake in shares of Kimball Electronics in the second quarter valued at about $185,000. Nordea Investment Management AB grew its holdings in shares of Kimball Electronics by 32.1% in the second quarter. Nordea Investment Management AB now owns 10,700 shares of the electronics maker’s stock valued at $193,000 after purchasing an additional 2,600 shares during the period. Finally, Karp Capital Management Corp purchased a new stake in shares of Kimball Electronics in the first quarter valued at about $193,000. 55.89% of the stock is currently owned by hedge funds and other institutional investors.
Kimball Electronics, Inc. (NASDAQ:KE) traded up $0.20 during trading hours on Monday, reaching $19.60. 62,600 shares of the company were exchanged, compared to its average volume of 79,667. Kimball Electronics, Inc. has a 1 year low of $15.05 and a 1 year high of $22.45. The stock has a market cap of $526.04, a price-to-earnings ratio of 16.47 and a beta of 1.01.
Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 EPS for the quarter. The company had revenue of $253.20 million for the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.
Kimball Electronics declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 24th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to buy up to 42% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, September 15th.
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Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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