Gabelli Funds LLC Raises Stake in KEMET Co. (NYSE:KEM)

Gabelli Funds LLC raised its position in shares of KEMET Co. (NYSE:KEM) by 109.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,577 shares of the electronics maker’s stock after purchasing an additional 76,577 shares during the quarter. Gabelli Funds LLC owned 0.25% of KEMET worth $3,965,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in KEMET by 45.7% during the third quarter. Public Employees Retirement System of Ohio now owns 1,722 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 540 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in KEMET by 3,052.5% during the third quarter. Tower Research Capital LLC TRC now owns 3,184 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 3,083 shares in the last quarter. SG Americas Securities LLC purchased a new position in KEMET during the third quarter valued at approximately $106,000. Everence Capital Management Inc. purchased a new position in KEMET during the fourth quarter valued at approximately $222,000. Finally, ProShare Advisors LLC purchased a new position in KEMET during the fourth quarter valued at approximately $252,000. 96.85% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. ValuEngine raised shares of KEMET from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Zacks Investment Research raised shares of KEMET from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 15th.

KEM stock opened at $23.38 on Thursday. KEMET Co. has a one year low of $15.87 and a one year high of $27.61. The company’s fifty day moving average price is $24.84 and its 200-day moving average price is $24.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.42 and a current ratio of 2.38. The company has a market capitalization of $1.32 billion, a PE ratio of 7.95 and a beta of 2.39.

KEMET (NYSE:KEM) last released its earnings results on Thursday, February 6th. The electronics maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. KEMET had a net margin of 10.21% and a return on equity of 25.26%. The firm had revenue of $294.70 million for the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. The company’s quarterly revenue was down 15.8% compared to the same quarter last year. On average, research analysts predict that KEMET Co. will post 2.1 EPS for the current fiscal year.

In other news, Director Robert G. Paul sold 6,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $26.06, for a total value of $156,360.00. Following the transaction, the director now owns 84,201 shares of the company’s stock, valued at $2,194,278.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is currently owned by insiders.

KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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