Graham Capital Management L.P. Purchases Shares of 10,736 Kimball Electronics, Inc. (NASDAQ:KE)

Graham Capital Management L.P. acquired a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,736 shares of the electronics maker’s stock, valued at approximately $201,000.

Several other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Kimball Electronics by 239.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after acquiring an additional 141,411 shares in the last quarter. Vanguard Group Inc. increased its holdings in Kimball Electronics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock valued at $36,440,000 after purchasing an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Kimball Electronics by 142.1% in the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock valued at $2,120,000 after purchasing an additional 66,444 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Kimball Electronics in the fourth quarter valued at about $1,147,000. Finally, Martingale Asset Management L P acquired a new position in shares of Kimball Electronics during the fourth quarter worth about $1,088,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Down 2.8%

Shares of NASDAQ KE opened at $17.61 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The stock’s 50-day simple moving average is $15.49 and its 200-day simple moving average is $17.50. The firm has a market cap of $429.33 million, a price-to-earnings ratio of 55.03 and a beta of 1.11.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The company had revenue of $374.61 million for the quarter, compared to the consensus estimate of $338.08 million. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KE has been the subject of a number of recent research reports. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Friday. Lake Street Capital lowered their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

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.