Sapient Capital LLC Invests $8.76 Million in Kimball Electronics, Inc. (NASDAQ:KE)

Sapient Capital LLC bought a new stake in Kimball Electronics, Inc. (NASDAQ:KE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 325,075 shares of the electronics maker’s stock, valued at approximately $8,761,000. Sapient Capital LLC owned about 1.31% of Kimball Electronics at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Financial Corp IN bought a new position in shares of Kimball Electronics in the 4th quarter worth about $54,000. NBC Securities Inc. acquired a new position in Kimball Electronics in the third quarter valued at approximately $81,000. SG Americas Securities LLC bought a new position in shares of Kimball Electronics during the 3rd quarter worth approximately $252,000. Quadrature Capital Ltd grew its position in shares of Kimball Electronics by 13.2% during the 3rd quarter. Quadrature Capital Ltd now owns 9,900 shares of the electronics maker’s stock worth $271,000 after buying an additional 1,157 shares during the period. Finally, Watershed Asset Management L.L.C. increased its stake in shares of Kimball Electronics by 16.8% in the 4th quarter. Watershed Asset Management L.L.C. now owns 11,261 shares of the electronics maker’s stock valued at $303,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KE. Cantor Fitzgerald dropped their price target on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. B. Riley reduced their price target on shares of Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Kimball Electronics Stock Performance

Shares of NASDAQ KE traded up $0.18 during mid-day trading on Friday, hitting $21.89. The company had a trading volume of 63,049 shares, compared to its average volume of 100,697. The company has a current ratio of 1.97, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Kimball Electronics, Inc. has a 1 year low of $19.69 and a 1 year high of $31.43. The company has a market capitalization of $544.40 million, a price-to-earnings ratio of 10.09 and a beta of 1.31. The stock’s 50-day moving average price is $21.25 and its 200-day moving average price is $23.46.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. The firm had revenue of $421.24 million during the quarter, compared to the consensus estimate of $435.60 million. On average, sell-side analysts forecast that Kimball Electronics, Inc. will post 1.6 earnings per share for the current year.

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, 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.