Salem Investment Counselors Inc. Sells 8,975 Shares of Kewaunee Scientific Corporation (KEQU)
Salem Investment Counselors Inc. lowered its stake in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 14.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,325 shares of the technology company’s stock after selling 8,975 shares during the quarter. Salem Investment Counselors Inc. owned approximately 2.04% of Kewaunee Scientific Corporation worth $1,378,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hancock Holding Co. bought a new position in shares of Kewaunee Scientific Corporation during the second quarter valued at $203,000. California Public Employees Retirement System purchased a new position in shares of Kewaunee Scientific Corporation in the 2nd quarter worth about $202,000. Vanguard Group Inc. raised its position in shares of Kewaunee Scientific Corporation by 38.0% in the 2nd quarter. Vanguard Group Inc. now owns 59,560 shares of the technology company’s stock worth $1,486,000 after purchasing an additional 16,400 shares during the last quarter. Northern Trust Corp raised its position in shares of Kewaunee Scientific Corporation by 2.3% in the 2nd quarter. Northern Trust Corp now owns 56,131 shares of the technology company’s stock worth $1,397,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its position in shares of Kewaunee Scientific Corporation by 18.7% in the 2nd quarter. Seizert Capital Partners LLC now owns 22,118 shares of the technology company’s stock worth $551,000 after purchasing an additional 3,484 shares during the last quarter. Institutional investors and hedge funds own 34.42% of the company’s stock.
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In other Kewaunee Scientific Corporation news, Director Donald F. Shaw bought 1,000 shares of Kewaunee Scientific Corporation stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of $27.75 per share, with a total value of $27,750.00. Following the transaction, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $582,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.20% of the stock is owned by insiders.
Shares of Kewaunee Scientific Corporation (NASDAQ KEQU) traded up 0.85% during trading on Monday, reaching $29.75. 1,570 shares of the company were exchanged. The firm’s 50 day moving average is $26.24 and its 200 day moving average is $24.21. The firm has a market capitalization of $80.71 million, a P/E ratio of 18.58 and a beta of 0.11. Kewaunee Scientific Corporation has a 1-year low of $20.95 and a 1-year high of $29.90.
Kewaunee Scientific Corporation (NASDAQ:KEQU) last released its quarterly earnings results on Tuesday, August 29th. The technology company reported $0.42 earnings per share for the quarter. The business had revenue of $33.88 million for the quarter. Kewaunee Scientific Corporation had a net margin of 3.23% and a return on equity of 10.33%.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.31%. This is an increase from Kewaunee Scientific Corporation’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, September 8th. Kewaunee Scientific Corporation’s payout ratio is 42.77%.
Kewaunee Scientific Corporation Company Profile
Kewaunee Scientific Corporation is engaged in the design, manufacture and installation of laboratory, healthcare and technical furniture products. The Company’s products include steel, wood and laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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