Ronald James Assaf Sells 20,000 Shares of KEMET Co. (KEM) Stock

KEMET Co. (NYSE:KEM) SVP Ronald James Assaf sold 20,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 94,225 shares in the company, valued at $1,591,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of KEMET Co. (NYSE:KEM) traded up $0.66 during midday trading on Wednesday, reaching $17.85. The company’s stock had a trading volume of 1,507,649 shares, compared to its average volume of 2,113,724. 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 52 week low of $7.95 and a 52 week high of $27.35. The company has a market capitalization of $992.86, a PE ratio of 3.57 and a beta of 3.63.

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

Several large investors have recently made changes to their positions in KEM. State of Tennessee Treasury Department purchased a new position in shares of KEMET during the third quarter valued at approximately $108,000. Denali Advisors LLC purchased a new position in shares of KEMET during the third quarter valued at approximately $122,000. JPMorgan Chase & Co. purchased a new position in shares of KEMET during the second quarter valued at approximately $125,000. UBS Asset Management Americas Inc. purchased a new position in shares of KEMET during the second quarter valued at approximately $143,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of KEMET during the fourth quarter valued at approximately $146,000. Institutional investors and hedge funds own 69.39% of the company’s stock.

KEM has been the topic of several analyst reports. B. Riley reissued a “buy” rating and set a $27.50 price objective on shares of KEMET in a research note on Tuesday, October 31st. TheStreet cut KEMET from a “b” rating to a “c” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, ValuEngine cut KEMET from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $19.58.

TRADEMARK VIOLATION WARNING: “Ronald James Assaf Sells 20,000 Shares of KEMET Co. (KEM) Stock” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/ronald-james-assaf-sells-20000-shares-of-kemet-co-kem-stock.html.

About KEMET

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.

Insider Buying and Selling by Quarter for KEMET (NYSE:KEM)

Receive News & Ratings for KEMET Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply