Northeast Investment Management Buys New Holdings in Kewaunee Scientific Corporation $KEQU

Northeast Investment Management bought a new stake in Kewaunee Scientific Corporation (NASDAQ:KEQU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,000 shares of the technology company’s stock, valued at approximately $748,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in Kewaunee Scientific during the 3rd quarter valued at about $713,000. Punch & Associates Investment Management Inc. raised its holdings in shares of Kewaunee Scientific by 61.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 70,085 shares of the technology company’s stock worth $2,989,000 after purchasing an additional 26,785 shares during the period. Mink Brook Asset Management LLC raised its holdings in shares of Kewaunee Scientific by 83.4% in the 3rd quarter. Mink Brook Asset Management LLC now owns 11,571 shares of the technology company’s stock worth $494,000 after purchasing an additional 5,261 shares during the period. Minerva Advisors LLC raised its holdings in shares of Kewaunee Scientific by 3.7% in the 3rd quarter. Minerva Advisors LLC now owns 80,274 shares of the technology company’s stock worth $3,424,000 after purchasing an additional 2,832 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of Kewaunee Scientific in the 3rd quarter worth approximately $1,663,000. 32.69% of the stock is owned by institutional investors.

Kewaunee Scientific Trading Up 0.2%

NASDAQ:KEQU opened at $36.73 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 1.45 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $105.42 million, a PE ratio of 9.87 and a beta of 0.69. The firm’s 50 day moving average is $36.42 and its 200 day moving average is $38.51. Kewaunee Scientific Corporation has a 12 month low of $33.70 and a 12 month high of $60.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kewaunee Scientific in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.