Gregory C. Thompson Purchases 11,100 Shares of KEMET Co. (KEM) Stock

KEMET Co. (NYSE:KEM) VP Gregory C. Thompson purchased 11,100 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $199,467.00. Following the purchase, the vice president now owns 105,000 shares of the company’s stock, valued at $1,886,850. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

KEMET stock opened at $18.07 on Friday. KEMET Co. has a 52-week low of $15.55 and a 52-week high of $29.85. The firm has a market capitalization of $1.04 billion, a PE ratio of 6.59 and a beta of 2.64. The company has a quick ratio of 1.54, a current ratio of 2.39 and a debt-to-equity ratio of 0.51.

KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, January 31st. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.19. KEMET had a net margin of 8.59% and a return on equity of 32.59%. The company had revenue of $350.18 million during the quarter, compared to analyst estimates of $353.36 million. Research analysts anticipate that KEMET Co. will post 3.24 EPS for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Thursday, February 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, February 13th. KEMET’s payout ratio is currently 12.35%.

Several equities research analysts have recently issued reports on KEM shares. Zacks Investment Research lowered shares of KEMET from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. ValuEngine lowered shares of KEMET from a “hold” rating to a “sell” rating in a research report on Monday, November 12th.

Institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of KEMET in the third quarter worth $27,000. IFP Advisors Inc acquired a new stake in shares of KEMET in the fourth quarter worth $35,000. Bank of Montreal Can grew its holdings in KEMET by 51.0% during the 4th quarter. Bank of Montreal Can now owns 2,550 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 861 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in KEMET by 249.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,417 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 3,154 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in KEMET by 2,554.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 6,158 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 5,926 shares in the last quarter. 79.44% of the stock is owned by institutional investors.

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About KEMET

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.

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