Wasatch Advisors LP Has $5.64 Million Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Wasatch Advisors LP lowered its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,270 shares of the electronics maker’s stock after selling 61,502 shares during the period. Wasatch Advisors LP owned approximately 0.84% of Kimball Electronics worth $5,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KE. First Financial Corp IN bought a new position in shares of Kimball Electronics in the fourth quarter worth about $54,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Kimball Electronics by 16.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock worth $260,000 after purchasing an additional 1,344 shares during the period. Quadrature Capital Ltd increased its stake in shares of Kimball Electronics by 13.2% in the third quarter. Quadrature Capital Ltd now owns 9,900 shares of the electronics maker’s stock worth $271,000 after purchasing an additional 1,157 shares during the period. Watershed Asset Management L.L.C. increased its stake in shares of Kimball Electronics by 16.8% in the fourth quarter. Watershed Asset Management L.L.C. now owns 11,261 shares of the electronics maker’s stock worth $303,000 after purchasing an additional 1,621 shares during the period. Finally, Quest Partners LLC bought a new position in shares of Kimball Electronics in the fourth quarter worth about $303,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Trading Down 0.9 %

Kimball Electronics stock opened at $21.87 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 2.03. The business’s 50-day simple moving average is $21.80 and its 200-day simple moving average is $22.89. The firm has a market capitalization of $543.91 million, a PE ratio of 17.09 and a beta of 1.33. Kimball Electronics, Inc. has a 52 week low of $19.62 and a 52 week high of $31.43.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, May 7th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kimball Electronics had a net margin of 1.81% and a return on equity of 8.70%. Equities research analysts forecast that Kimball Electronics, Inc. will post 1.53 earnings per share for the current 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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.