Polaris Capital Management LLC Sells 5,110 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Polaris Capital Management LLC lowered its position in Kimball Electronics, Inc. (NASDAQ:KE) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,935 shares of the electronics maker’s stock after selling 5,110 shares during the period. Polaris Capital Management LLC owned 0.14% of Kimball Electronics worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Kimball Electronics by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock valued at $10,686,000 after acquiring an additional 4,044 shares during the last quarter. State Street Corp lifted its position in Kimball Electronics by 1.4% during the 3rd quarter. State Street Corp now owns 565,069 shares of the electronics maker’s stock worth $10,459,000 after buying an additional 7,864 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Kimball Electronics by 11.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock worth $5,620,000 after buying an additional 29,993 shares in the last quarter. Grace & White Inc. NY lifted its position in Kimball Electronics by 38.5% during the 3rd quarter. Grace & White Inc. NY now owns 256,777 shares of the electronics maker’s stock worth $4,753,000 after buying an additional 71,400 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Kimball Electronics by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock valued at $4,055,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

KE has been the topic of a number of research analyst reports. Lake Street Capital dropped their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two 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 an average rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Stock Down 1.6 %

Kimball Electronics stock opened at $16.55 on Tuesday. The stock has a market cap of $408.45 million, a P/E ratio of 51.72 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 2.28 and a debt-to-equity ratio of 0.37. Kimball Electronics, Inc. has a twelve month low of $16.54 and a twelve month high of $24.45. The company’s 50-day moving average price is $18.71 and its two-hundred day moving average price is $18.84.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. As a group, analysts expect that Kimball Electronics, Inc. will post 1.02 EPS for the current year.

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.