Nokomis Capital L.L.C. boosted its holdings in shares of KEMET Co. (NYSE:KEM) by 467.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,337,442 shares of the electronics maker’s stock after buying an additional 1,101,612 shares during the period. KEMET makes up about 4.6% of Nokomis Capital L.L.C.’s portfolio, making the stock its 6th largest position. Nokomis Capital L.L.C. owned approximately 2.36% of KEMET worth $20,142,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KEM. Vanguard Group Inc. raised its holdings in shares of KEMET by 13.1% in the second quarter. Vanguard Group Inc. now owns 1,748,043 shares of the electronics maker’s stock valued at $22,374,000 after purchasing an additional 202,892 shares during the last quarter. Royce & Associates LP raised its holdings in shares of KEMET by 50.0% in the fourth quarter. Royce & Associates LP now owns 1,639,523 shares of the electronics maker’s stock valued at $24,691,000 after purchasing an additional 546,790 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of KEMET by 49.9% in the fourth quarter. Bank of New York Mellon Corp now owns 939,333 shares of the electronics maker’s stock valued at $14,146,000 after purchasing an additional 312,557 shares during the last quarter. State Street Corp raised its holdings in shares of KEMET by 1,972.6% in the second quarter. State Street Corp now owns 750,547 shares of the electronics maker’s stock valued at $9,606,000 after purchasing an additional 714,335 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of KEMET by 20.6% in the fourth quarter. Wells Fargo & Company MN now owns 542,437 shares of the electronics maker’s stock valued at $8,169,000 after purchasing an additional 92,480 shares during the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.
KEMET Co. (KEM) opened at $19.79 on Wednesday. The firm has a market cap of $1,120.00, a PE ratio of 3.97 and a beta of 3.60. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.70. KEMET Co. has a 1 year low of $10.70 and a 1 year high of $27.35.
Several brokerages have recently commented on KEM. ValuEngine downgraded shares of KEMET from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of KEMET from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, B. Riley restated a “buy” rating and set a $22.50 price target on shares of KEMET in a research report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.58.
In related news, insider Charles C. Meeks, Jr. sold 20,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $18.13, for a total transaction of $362,600.00. Following the completion of the transaction, the insider now owns 218,310 shares in the company, valued at $3,957,960.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Per Olof Loof sold 5,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $17.56, for a total transaction of $96,580.00. Following the transaction, the chief executive officer now owns 1,124,822 shares of the company’s stock, valued at approximately $19,751,874.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,532 shares of company stock valued at $2,534,291. 3.88% of the stock is owned by company insiders.
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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