Morgan Dempsey Capital Management LLC reduced its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,853 shares of the electronics maker’s stock after selling 2,257 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Kimball Electronics were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Algert Global LLC raised its stake in shares of Kimball Electronics by 266.6% in the second quarter. Algert Global LLC now owns 42,630 shares of the electronics maker’s stock valued at $769,000 after buying an additional 31,003 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Kimball Electronics by 15.0% in the second quarter. Bowling Portfolio Management LLC now owns 48,942 shares of the electronics maker’s stock valued at $883,000 after buying an additional 6,373 shares in the last quarter. Strs Ohio raised its stake in shares of Kimball Electronics by 96.2% in the second quarter. Strs Ohio now owns 31,000 shares of the electronics maker’s stock valued at $559,000 after buying an additional 15,200 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Kimball Electronics by 37.5% in the second quarter. Russell Investments Group Ltd. now owns 257,116 shares of the electronics maker’s stock valued at $4,641,000 after buying an additional 70,182 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. raised its stake in shares of Kimball Electronics by 33.6% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 93,261 shares of the electronics maker’s stock valued at $1,683,000 after buying an additional 23,468 shares in the last quarter. 57.35% of the stock is owned by institutional investors and hedge funds.

Shares of Kimball Electronics, Inc. (NASDAQ KE) opened at 19.10 on Thursday. The stock has a market cap of $514.88 million, a price-to-earnings ratio of 15.40 and a beta of 0.97. Kimball Electronics, Inc. has a 1-year low of $11.54 and a 1-year high of $20.30. The stock’s 50 day moving average price is $18.77 and its 200-day moving average price is $17.28.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Kimball Electronics had a return on equity of 9.32% and a net margin of 3.67%. The business had revenue of $241.27 million for the quarter. On average, equities research analysts forecast that Kimball Electronics, Inc. will post $0.93 earnings per share for the current year.

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Separately, BidaskClub lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.

About Kimball Electronics

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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