Quest Partners LLC Invests $303,000 in Kimball Electronics, Inc. (NASDAQ:KE)

Quest Partners LLC bought a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,233 shares of the electronics maker’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of Kimball Electronics by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 352,951 shares of the electronics maker’s stock valued at $9,512,000 after buying an additional 3,237 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Kimball Electronics by 16.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 9,644 shares of the electronics maker’s stock valued at $260,000 after buying an additional 1,344 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Kimball Electronics by 11.2% during the 4th quarter. First Eagle Investment Management LLC now owns 249,024 shares of the electronics maker’s stock valued at $6,711,000 after buying an additional 25,000 shares in the last quarter. Jump Financial LLC lifted its position in shares of Kimball Electronics by 136.4% during the 4th quarter. Jump Financial LLC now owns 21,039 shares of the electronics maker’s stock valued at $567,000 after buying an additional 12,139 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Kimball Electronics by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,608 shares of the electronics maker’s stock valued at $5,245,000 after buying an additional 5,126 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Up 0.1 %

Shares of KE stock opened at $22.41 on Friday. The stock’s fifty day moving average is $21.49 and its two-hundred day moving average is $23.10. 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 firm has a market capitalization of $557.34 million, a P/E ratio of 17.51 and a beta of 1.31. Kimball Electronics, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $31.43.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 7th. The electronics maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. Research analysts expect that Kimball Electronics, Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Cantor Fitzgerald decreased their price objective on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. B. Riley decreased their price objective on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th.

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.