KEMET Co. (NYSE:KEM) insider Charles C. Meeks, Jr. sold 115,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $14.33, for a total value of $1,647,950.00. Following the transaction, the insider now directly owns 372,393 shares in the company, valued at $5,336,391.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
KEMET Co. (NYSE KEM) opened at 13.73 on Tuesday. The company’s 50 day moving average is $12.69 and its 200 day moving average is $9.48. KEMET Co. has a 52-week low of $2.55 and a 52-week high of $14.65. The firm has a market cap of $641.03 million, a P/E ratio of 15.78 and a beta of 3.29.
Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of KEMET during the fourth quarter valued at approximately $247,000. Renaissance Technologies LLC increased its stake in shares of KEMET by 416.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,694,001 shares of the electronics maker’s stock valued at $11,231,000 after buying an additional 1,366,002 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of KEMET during the fourth quarter valued at approximately $122,000. Dimensional Fund Advisors LP increased its stake in shares of KEMET by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,426,049 shares of the electronics maker’s stock valued at $16,085,000 after buying an additional 265,310 shares in the last quarter. Finally, Royce & Associates LP boosted its position in KEMET by 2.9% in the fourth quarter. Royce & Associates LP now owns 3,707,457 shares of the electronics maker’s stock worth $24,580,000 after buying an additional 105,407 shares in the last quarter. Institutional investors own 52.04% of the company’s stock. KEM has been the topic of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $13.50 price target on shares of KEMET in a report on Friday, February 24th. Zacks Investment Research raised shares of KEMET from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, February 28th. Finally, Stifel Nicolaus increased their target price on shares of KEMET from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Tuesday, May 2nd.
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