229,270 Shares in Kimball Electronics, Inc. $KE Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 229,270 shares of the electronics maker’s stock, valued at approximately $6,846,000. Hillsdale Investment Management Inc. owned about 0.94% of Kimball Electronics as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock valued at $1,229,000 after acquiring an additional 561 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kimball Electronics by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after purchasing an additional 624 shares in the last quarter. AlphaQuest LLC increased its holdings in Kimball Electronics by 9.1% during the 2nd quarter. AlphaQuest LLC now owns 8,119 shares of the electronics maker’s stock valued at $156,000 after purchasing an additional 678 shares in the last quarter. Rhumbline Advisers raised its position in Kimball Electronics by 2.1% in the 3rd quarter. Rhumbline Advisers now owns 36,913 shares of the electronics maker’s stock valued at $1,102,000 after purchasing an additional 772 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Kimball Electronics by 78.8% in the third quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 964 shares in the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Price Performance

Kimball Electronics stock opened at $25.04 on Friday. The business’s 50-day simple moving average is $28.33 and its 200 day simple moving average is $28.46. The company has a quick ratio of 1.31, a current ratio of 2.21 and a debt-to-equity ratio of 0.22. The stock has a market cap of $606.22 million, a price-to-earnings ratio of 26.08, a P/E/G ratio of 0.91 and a beta of 1.20. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $33.19.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $341.28 million for the quarter, compared to the consensus estimate of $339.34 million. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KE. Zacks Research lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.