Grace & White Inc. NY Raises Position in Kimball Electronics, Inc. (NASDAQ:KE)

Grace & White Inc. NY boosted its position in Kimball Electronics, Inc. (NASDAQ:KE) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,877 shares of the electronics maker’s stock after purchasing an additional 14,100 shares during the period. Kimball Electronics comprises approximately 0.9% of Grace & White Inc. NY’s portfolio, making the stock its 29th biggest holding. Grace & White Inc. NY owned 1.10% of Kimball Electronics worth $5,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KE. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics in the third quarter valued at approximately $25,000. nVerses Capital LLC purchased a new stake in shares of Kimball Electronics during the third quarter worth $48,000. Quest Partners LLC bought a new position in shares of Kimball Electronics in the third quarter worth $61,000. SG Americas Securities LLC grew its position in shares of Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake 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 purchasing an additional 8,196 shares during the period. 75.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on KE shares. Lake Street Capital cut their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Kimball Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Kimball Electronics Stock Performance

Shares of KE opened at $16.90 on Thursday. The stock has a 50-day moving average price of $18.58 and a 200-day moving average price of $18.73. The company has a market cap of $417.09 million, a PE ratio of 52.81 and a beta of 1.24. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. Kimball Electronics, Inc. has a 12-month low of $16.36 and a 12-month high of $24.45.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. As a group, equities analysts forecast that Kimball Electronics, Inc. will post 1.02 earnings per share for the current fiscal year.

About Kimball Electronics

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.