NEXT Financial Group Inc bought a new position in KEMET Co. (NYSE:KEM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,138 shares of the electronics maker’s stock, valued at approximately $59,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Arizona State Retirement System grew its stake in shares of KEMET by 0.8% in the first quarter. Arizona State Retirement System now owns 89,144 shares of the electronics maker’s stock worth $1,513,000 after purchasing an additional 681 shares during the last quarter. Centaurus Financial Inc. bought a new stake in KEMET during the 1st quarter valued at approximately $42,000. Mason Street Advisors LLC boosted its position in KEMET by 4.0% during the 1st quarter. Mason Street Advisors LLC now owns 18,559 shares of the electronics maker’s stock valued at $315,000 after acquiring an additional 720 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in KEMET by 6.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 14,515 shares of the electronics maker’s stock valued at $246,000 after acquiring an additional 864 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in KEMET by 2.5% during the 1st quarter. New York State Teachers Retirement System now owns 39,085 shares of the electronics maker’s stock valued at $663,000 after acquiring an additional 947 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
In other news, VP Shignori Oyama sold 3,102 shares of KEMET stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $16.88, for a total transaction of $52,361.76. Following the completion of the transaction, the vice president now directly owns 142,473 shares in the company, valued at $2,404,944.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald James Assaf sold 3,334 shares of KEMET stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.90, for a total transaction of $73,014.60. Following the transaction, the senior vice president now owns 57,743 shares of the company’s stock, valued at $1,264,571.70. The disclosure for this sale can be found here. Insiders have sold 13,104 shares of company stock valued at $249,468 over the last quarter. Company insiders own 1.76% of the company’s stock.
KEMET stock opened at $19.45 on Friday. The firm’s 50 day moving average price is $19.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.49. The company has a market cap of $1.12 billion, a PE ratio of 5.77 and a beta of 2.52. KEMET Co. has a fifty-two week low of $15.55 and a fifty-two week high of $26.96.
KEMET (NYSE:KEM) last released its earnings results on Thursday, August 1st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.11. KEMET had a net margin of 15.12% and a return on equity of 36.26%. The firm had revenue of $345.20 million during the quarter, compared to analyst estimates of $343.72 million. During the same period last year, the business earned $0.55 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that KEMET Co. will post 2.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.03%. KEMET’s payout ratio is 5.93%.
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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