KEMET Co. (NYSE:KEM) Shares Acquired by Riverhead Capital Management LLC

Riverhead Capital Management LLC grew its holdings in KEMET Co. (NYSE:KEM) by 17.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,800 shares of the electronics maker’s stock after purchasing an additional 2,200 shares during the period. Riverhead Capital Management LLC’s holdings in KEMET were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Federated Investors Inc. PA lifted its stake in shares of KEMET by 23.1% in the 1st quarter. Federated Investors Inc. PA now owns 704,176 shares of the electronics maker’s stock valued at $11,950,000 after purchasing an additional 132,034 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of KEMET in the 2nd quarter valued at $614,000. Globeflex Capital L P lifted its stake in KEMET by 4.5% during the 1st quarter. Globeflex Capital L P now owns 82,091 shares of the electronics maker’s stock worth $1,393,000 after acquiring an additional 3,569 shares in the last quarter. Anderson Fisher LLC acquired a new position in KEMET during the 1st quarter worth about $92,000. Finally, Granite Investment Partners LLC acquired a new position in KEMET during the 2nd quarter worth about $14,437,000. 80.61% of the stock is currently owned by institutional investors and hedge funds.

KEM traded up $1.51 during mid-day trading on Friday, hitting $19.97. 127,514 shares of the stock were exchanged, compared to its average volume of 1,192,311. The firm’s fifty day moving average is $18.75 and its two-hundred day moving average is $18.09. KEMET Co. has a 1-year low of $15.55 and a 1-year high of $23.13. The company has a current ratio of 2.49, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.05 billion, a PE ratio of 5.92 and a beta of 2.62.



KEMET (NYSE:KEM) last posted its earnings results on Thursday, August 1st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.11. The firm had revenue of $345.20 million for the quarter, compared to analyst estimates of $343.72 million. KEMET had a return on equity of 36.26% and a net margin of 15.12%. KEMET’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, research analysts anticipate that KEMET Co. will post 2.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Thursday, August 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, August 14th. KEMET’s dividend payout ratio is currently 5.93%.

Several research firms recently issued reports on KEM. Zacks Investment Research lowered KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Stifel Nicolaus raised KEMET from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday. ValuEngine lowered KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, B. Riley increased their target price on KEMET from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. KEMET presently has an average rating of “Hold” and a consensus price target of $25.33.

In other KEMET news, SVP Ronald James Assaf sold 3,334 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.90, for a total value of $73,014.60. Following the sale, the senior vice president now owns 57,743 shares of the company’s stock, valued at approximately $1,264,571.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shignori Oyama sold 22,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $17.71, for a total value of $398,475.00. Following the completion of the sale, the vice president now directly owns 117,070 shares in the company, valued at approximately $2,073,309.70. The disclosure for this sale can be found here. Insiders sold a total of 29,168 shares of company stock worth $535,536 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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