HL Financial Services LLC Invests $3.01 Million in KEMET Co. (KEM) Stock

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HL Financial Services LLC bought a new stake in shares of KEMET Co. (NYSE:KEM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 171,371 shares of the electronics maker’s stock, valued at approximately $3,006,000.

A number of other hedge funds have also made changes to their positions in KEM. Renaissance Technologies LLC increased its holdings in KEMET by 93.6% during the third quarter. Renaissance Technologies LLC now owns 2,746,325 shares of the electronics maker’s stock valued at $50,944,000 after buying an additional 1,327,425 shares during the last quarter. BlackRock Inc. increased its holdings in KEMET by 15.5% during the third quarter. BlackRock Inc. now owns 8,173,112 shares of the electronics maker’s stock valued at $151,612,000 after buying an additional 1,096,341 shares during the last quarter. Deutsche Bank AG increased its holdings in KEMET by 213.1% during the third quarter. Deutsche Bank AG now owns 846,810 shares of the electronics maker’s stock valued at $15,706,000 after buying an additional 576,337 shares during the last quarter. Marshall Wace LLP purchased a new stake in KEMET during the third quarter valued at approximately $9,172,000. Finally, JPMorgan Chase & Co. increased its holdings in KEMET by 61.7% during the third quarter. JPMorgan Chase & Co. now owns 1,293,839 shares of the electronics maker’s stock valued at $24,000,000 after buying an additional 493,904 shares during the last quarter. 80.55% of the stock is owned by institutional investors and hedge funds.

Shares of KEM stock opened at $18.54 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.39 and a quick ratio of 1.54. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 11.44 and a beta of 2.64. KEMET Co. has a 12 month low of $15.55 and a 12 month high of $29.85.

KEMET (NYSE:KEM) last announced its quarterly earnings data on Thursday, January 31st. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.19. The firm had revenue of $350.18 million during the quarter, compared to analysts’ expectations of $353.36 million. KEMET had a net margin of 8.59% and a return on equity of 32.59%. As a group, research analysts predict that KEMET Co. will post 3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Thursday, February 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. KEMET’s dividend payout ratio (DPR) is presently 12.35%.

KEM has been the subject of a number of research reports. Zacks Investment Research raised shares of KEMET from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, February 6th. ValuEngine raised shares of KEMET from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

In other news, CFO William M. Lowe, Jr. sold 100,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $18.99, for a total value of $1,899,000.00. Following the completion of the sale, the chief financial officer now directly owns 255,332 shares of the company’s stock, valued at $4,848,754.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ronald James Assaf sold 3,333 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $21.39, for a total transaction of $71,292.87. Following the completion of the sale, the senior vice president now directly owns 80,556 shares of the company’s stock, valued at $1,723,092.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 166,997 shares of company stock valued at $3,152,680. Corporate insiders own 2.95% of the company’s stock.

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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.

Further Reading: What is Cost of Debt?

Want to see what other hedge funds are holding KEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KEMET Co. (NYSE:KEM).

Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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