Ellsworth Advisors LLC Takes $581,000 Position in Kimball Electronics, Inc. $KE

Ellsworth Advisors LLC purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,886 shares of the electronics maker’s stock, valued at approximately $581,000. Ellsworth Advisors LLC owned 0.09% of Kimball Electronics as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KE. Campbell & CO Investment Adviser LLC acquired a new position in Kimball Electronics during the 3rd quarter worth approximately $543,000. American Century Companies Inc. lifted its holdings in shares of Kimball Electronics by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock valued at $13,431,000 after buying an additional 109,553 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Kimball Electronics in the third quarter valued at approximately $2,337,000. Principal Financial Group Inc. purchased a new stake in shares of Kimball Electronics in the third quarter valued at approximately $913,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Kimball Electronics during the third quarter worth $6,846,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $24.24 on Friday. The firm has a market capitalization of $586.85 million, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.31. The business’s 50 day simple moving average is $25.34 and its 200-day simple moving average is $27.91. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $33.19.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $341.28 million during the quarter, compared to the consensus estimate of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. As a group, equities analysts forecast that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Wall Street Zen lowered shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research downgraded shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kimball Electronics has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Company Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.