Nordea Investment Management AB Takes $363,000 Position in Kemet Corporation (KEM)
Nordea Investment Management AB acquired a new position in shares of Kemet Corporation (NYSE:KEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,200 shares of the electronics maker’s stock, valued at approximately $363,000.
Other hedge funds have also recently modified their holdings of the company. Globeflex Capital L P bought a new stake in shares of Kemet in the 2nd quarter valued at about $105,000. State of Tennessee Treasury Department acquired a new position in shares of Kemet in the 3rd quarter valued at about $108,000. Denali Advisors LLC acquired a new position in shares of Kemet in the 3rd quarter valued at about $122,000. JPMorgan Chase & Co. acquired a new position in shares of Kemet in the 2nd quarter valued at about $125,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Kemet in the 2nd quarter valued at about $143,000. Institutional investors and hedge funds own 69.90% of the company’s stock.
In other news, CFO William M. Lowe, Jr. sold 21,903 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $16.08, for a total value of $352,200.24. Following the completion of the transaction, the chief financial officer now directly owns 523,038 shares of the company’s stock, valued at $8,410,451.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.88% of the company’s stock.
Shares of Kemet Corporation (NYSE:KEM) traded up $0.11 on Monday, reaching $14.57. The company’s stock had a trading volume of 281,709 shares, compared to its average volume of 1,485,720. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.51 and a quick ratio of 1.73. The company has a market cap of $815.28, a price-to-earnings ratio of 14.91 and a beta of 3.44. Kemet Corporation has a 1 year low of $5.78 and a 1 year high of $27.35.
Kemet (NYSE:KEM) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $301.47 million during the quarter, compared to analyst estimates of $298.51 million. Kemet had a return on equity of 21.07% and a net margin of 31.16%. The company’s revenue for the quarter was up 60.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. analysts expect that Kemet Corporation will post 1.44 earnings per share for the current year.
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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.
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