Kimball Electronics, Inc. (NASDAQ:KE) is Pacific Ridge Capital Partners LLC’s 9th Largest Position

Pacific Ridge Capital Partners LLC trimmed its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,441 shares of the electronics maker’s stock after selling 14,469 shares during the period. Kimball Electronics comprises about 1.8% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 9th largest position. Pacific Ridge Capital Partners LLC owned approximately 1.35% of Kimball Electronics worth $7,373,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KE. Hsbc Holdings PLC purchased a new position in shares of Kimball Electronics in the 2nd quarter valued at $210,000. The Manufacturers Life Insurance Company bought a new stake in Kimball Electronics during the second quarter valued at about $217,000. Allspring Global Investments Holdings LLC grew its stake in Kimball Electronics by 1,526.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock valued at $230,000 after purchasing an additional 9,813 shares during the last quarter. EntryPoint Capital LLC raised its holdings in Kimball Electronics by 96.2% in the first quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 5,269 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Kimball Electronics during the second quarter valued at about $237,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Up 1.6 %

KE stock opened at $18.37 on Friday. Kimball Electronics, Inc. has a one year low of $17.09 and a one year high of $28.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. The firm’s fifty day moving average is $19.38 and its 200 day moving average is $20.93. The firm has a market cap of $456.84 million, a PE ratio of 14.35 and a beta of 1.26.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, August 13th. The electronics maker reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). The company had revenue of $430.16 million during the quarter, compared to analysts’ expectations of $429.00 million. Kimball Electronics had a return on equity of 6.65% and a net margin of 1.20%. During the same period in the previous year, the firm posted $0.76 EPS. On average, research analysts forecast that Kimball Electronics, Inc. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Cantor Fitzgerald reduced their price target on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. EF Hutton Acquisition Co. I lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Lake Street Capital lowered their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Sidoti downgraded shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday, August 15th. Finally, B. Riley decreased their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.25.

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.