California Public Employees Retirement System Boosts Stake in KEMET Co. (KEM)

California Public Employees Retirement System lifted its position in shares of KEMET Co. (NYSE:KEM) by 80.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 251,056 shares of the electronics maker’s stock after acquiring an additional 112,282 shares during the quarter. California Public Employees Retirement System owned approximately 0.43% of KEMET worth $4,404,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group bought a new position in KEMET in the 3rd quarter worth about $27,000. IFP Advisors Inc bought a new position in KEMET in the 4th quarter worth about $35,000. Bank of Montreal Can boosted its stake in KEMET by 51.0% in the 4th quarter. Bank of Montreal Can now owns 2,550 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 861 shares during the period. PNC Financial Services Group Inc. boosted its stake in KEMET by 249.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,417 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 3,154 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in KEMET by 175.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,547 shares of the electronics maker’s stock worth $122,000 after purchasing an additional 4,166 shares during the period. Institutional investors own 83.35% of the company’s stock.

Shares of NYSE KEM opened at $18.42 on Friday. The stock has a market cap of $1.06 billion, a P/E ratio of 11.37 and a beta of 2.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 2.39. KEMET Co. has a 1-year low of $15.55 and a 1-year 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 for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.19. The company had revenue of $350.18 million for the quarter, compared to analysts’ expectations of $353.36 million. KEMET had a return on equity of 32.59% and a net margin of 8.59%. As a group, equities analysts expect that KEMET Co. will post 3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Thursday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.09%. KEMET’s dividend payout ratio is 12.35%.

In related news, Director Robert G. Paul sold 11,998 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $18.61, for a total transaction of $223,282.78. Following the transaction, the director now directly owns 82,503 shares of the company’s stock, valued at approximately $1,535,380.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shignori Oyama sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $18.69, for a total value of $560,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,997 shares of company stock worth $1,807,381. 2.95% of the stock is currently owned by insiders.

KEM has been the subject of several analyst reports. Zacks Investment Research downgraded KEMET from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine raised KEMET from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

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KEMET 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.

Read More: Quiet Period

Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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