KEMET Co. (NYSE:KEM) CFO William M. Lowe, Jr. sold 68,422 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $14.36, for a total transaction of $982,539.92. Following the completion of the transaction, the chief financial officer now directly owns 616,035 shares of the company’s stock, valued at $8,846,262.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of KEMET Co. (NYSE:KEM) opened at 13.73 on Tuesday. KEMET Co. has a 12-month low of $2.55 and a 12-month high of $14.65. The company has a market capitalization of $641.03 million, a P/E ratio of 15.78 and a beta of 3.29. The stock’s 50 day moving average is $12.69 and its 200-day moving average is $9.48.
KEM has been the subject of several analyst reports. Zacks Investment Research downgraded shares of KEMET from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Stifel Nicolaus lifted their price objective on shares of KEMET from $6.50 to $10.00 and gave the stock a “hold” rating in a report on Friday, February 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $13.50 price objective on shares of KEMET in a report on Wednesday, March 1st. Several institutional investors have recently bought and sold shares of KEM. Goldman Sachs Group Inc. raised its position in KEMET by 196.0% in the first quarter. Goldman Sachs Group Inc. now owns 276,768 shares of the electronics maker’s stock valued at $3,321,000 after buying an additional 183,272 shares during the period. Caxton Associates LP purchased a new position in KEMET during the first quarter valued at $263,000. Jane Street Group LLC raised its position in KEMET by 52.9% in the first quarter. Jane Street Group LLC now owns 87,209 shares of the electronics maker’s stock valued at $1,046,000 after buying an additional 30,176 shares during the period. BlueCrest Capital Management Ltd purchased a new position in KEMET during the first quarter valued at $637,000. Finally, Gotham Asset Management LLC purchased a new position in KEMET during the first quarter valued at $402,000. 52.04% of the stock is owned by hedge funds and other institutional investors.
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