Rhumbline Advisers Purchases 21,945 Shares of KEMET Co. (KEM)

Rhumbline Advisers lifted its position in KEMET Co. (NYSE:KEM) by 24.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,911 shares of the electronics maker’s stock after acquiring an additional 21,945 shares during the quarter. Rhumbline Advisers owned 0.20% of KEMET worth $1,685,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KEM. State of Tennessee Treasury Department bought a new stake in shares of KEMET in the third quarter valued at about $108,000. State of Alaska Department of Revenue bought a new stake in shares of KEMET in the fourth quarter valued at about $146,000. Advisor Group Inc. bought a new stake in shares of KEMET in the third quarter valued at about $150,000. LS Investment Advisors LLC raised its holdings in shares of KEMET by 771.8% in the fourth quarter. LS Investment Advisors LLC now owns 14,516 shares of the electronics maker’s stock valued at $219,000 after acquiring an additional 12,851 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in KEMET in the third quarter worth about $225,000. Hedge funds and other institutional investors own 70.14% of the company’s stock.

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In other news, Director Gurminder S. Bedi sold 24,999 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $501,729.93. Following the sale, the director now owns 81,201 shares in the company, valued at $1,629,704.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ronald James Assaf sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $16.89, for a total value of $337,800.00. Following the sale, the senior vice president now owns 94,225 shares in the company, valued at approximately $1,591,460.25. The disclosure for this sale can be found here. Insiders sold 165,531 shares of company stock valued at $3,036,021 over the last quarter. 3.88% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on KEM. B. Riley boosted their target price on shares of KEMET from $22.50 to $24.75 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of KEMET from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of KEMET from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. KEMET presently has an average rating of “Buy” and a consensus target price of $19.58.

KEM stock opened at $18.20 on Friday. The company has a market cap of $1,081.73, a PE ratio of 14.16 and a beta of 3.61. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.70. KEMET Co. has a fifty-two week low of $10.70 and a fifty-two week high of $27.35.

KEMET (NYSE:KEM) last announced its earnings results on Thursday, February 1st. The electronics maker reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.16. The business had revenue of $306.40 million during the quarter, compared to the consensus estimate of $295.68 million. KEMET had a net margin of 28.33% and a return on equity of 22.51%. The firm’s revenue was up 63.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. equities analysts predict that KEMET Co. will post 1.62 EPS for the current fiscal year.

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KEMET Profile

KEMET Corporation (KEMET) is a manufacturer of passive electronic components. The Company operates in two segments: Solid Capacitors, and Film and Electrolytic. The Solid Capacitors segment primarily produces tantalum, aluminum, polymer and ceramic capacitors. Solid Capacitors also produces tantalum powder used in the production of tantalum capacitors.

Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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