CLARET ASSET MANAGEMENT Corp Reduces Holdings in Kimball Electronics Inc (NASDAQ:KE)

CLARET ASSET MANAGEMENT Corp decreased its position in Kimball Electronics Inc (NASDAQ:KE) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,531 shares of the electronics maker’s stock after selling 10,260 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Kimball Electronics were worth $2,620,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KE. Captrust Financial Advisors purchased a new position in shares of Kimball Electronics during the 2nd quarter worth approximately $31,000. Bank of Montreal Can boosted its position in Kimball Electronics by 92.0% in the 2nd quarter. Bank of Montreal Can now owns 4,224 shares of the electronics maker’s stock valued at $69,000 after buying an additional 2,024 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Kimball Electronics by 17.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,569 shares of the electronics maker’s stock valued at $139,000 after buying an additional 1,283 shares during the period. Hodges Capital Management Inc. purchased a new position in Kimball Electronics in the 2nd quarter valued at approximately $162,000. Finally, Zebra Capital Management LLC purchased a new position in Kimball Electronics in the 2nd quarter valued at approximately $168,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on KE. BidaskClub raised shares of Kimball Electronics from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. TheStreet cut shares of Kimball Electronics from a “b-” rating to a “c+” rating in a research report on Wednesday, September 4th.

KE stock traded up $0.51 during midday trading on Friday, hitting $14.90. The company’s stock had a trading volume of 2,943 shares, compared to its average volume of 75,273. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.25. Kimball Electronics Inc has a 52-week low of $12.48 and a 52-week high of $19.67. The firm has a market capitalization of $361.48 million, a P/E ratio of 11.77 and a beta of 1.08. The firm has a 50-day simple moving average of $14.29 and a 200-day simple moving average of $15.16.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, July 31st. The electronics maker reported $0.29 EPS for the quarter. Kimball Electronics had a net margin of 2.67% and a return on equity of 8.63%. The company had revenue of $318.62 million during the quarter.

Kimball Electronics Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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