Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Kimball Electronics Inc (NASDAQ:KE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,200 shares of the electronics maker’s stock, valued at approximately $231,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Kimball Electronics at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC purchased a new stake in Kimball Electronics in the 1st quarter valued at $750,000. BNP Paribas Arbitrage SA raised its position in Kimball Electronics by 376.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,193 shares of the electronics maker’s stock valued at $80,000 after buying an additional 4,102 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Kimball Electronics by 65.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 146,368 shares of the electronics maker’s stock valued at $2,377,000 after buying an additional 58,148 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in Kimball Electronics by 10.9% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 188,450 shares of the electronics maker’s stock valued at $2,919,000 after buying an additional 18,450 shares during the last quarter. Finally, Strs Ohio raised its position in Kimball Electronics by 3.4% in the 2nd quarter. Strs Ohio now owns 40,100 shares of the electronics maker’s stock valued at $651,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 62.07% of the company’s stock.
A number of brokerages have issued reports on KE. BidaskClub upgraded Kimball Electronics from a “strong sell” rating to a “sell” rating in a research note on Tuesday. TheStreet downgraded Kimball Electronics from a “b-” rating to a “c+” rating in a research note on Wednesday, September 4th.
Shares of KE stock traded up $0.43 on Friday, hitting $15.74. 6,636 shares of the stock were exchanged, compared to its average volume of 46,703. The firm’s 50 day moving average is $14.42 and its two-hundred day moving average is $15.35. The firm has a market capitalization of $369.08 million, a PE ratio of 12.10 and a beta of 1.07. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25. Kimball Electronics Inc has a one year low of $12.48 and a one year high of $20.19.
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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