KEMET Co. (KEM) Shares Bought by Brandywine Global Investment Management LLC

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Brandywine Global Investment Management LLC boosted its holdings in KEMET Co. (NYSE:KEM) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,306 shares of the electronics maker’s stock after acquiring an additional 10,389 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of KEMET worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SignalPoint Asset Management LLC bought a new stake in KEMET in the 4th quarter valued at $548,000. IFP Advisors Inc bought a new stake in KEMET in the 4th quarter valued at $35,000. Bank of New York Mellon Corp raised its stake in KEMET by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,590 shares of the electronics maker’s stock valued at $24,237,000 after acquiring an additional 46,047 shares during the period. Man Group plc raised its stake in KEMET by 62.0% in the 3rd quarter. Man Group plc now owns 202,957 shares of the electronics maker’s stock valued at $3,765,000 after acquiring an additional 77,700 shares during the period. Finally, Vanguard Group Inc raised its stake in KEMET by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 3,246,669 shares of the electronics maker’s stock valued at $60,226,000 after acquiring an additional 34,175 shares during the period. Institutional investors and hedge funds own 83.32% of the company’s stock.

KEM stock opened at $16.97 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 10.48 and a beta of 2.70. KEMET Co. has a fifty-two week low of $15.55 and a fifty-two week high of $29.85.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Thursday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, February 13th. KEMET’s payout ratio is 12.35%.

A number of equities research analysts recently weighed in on the company. ValuEngine cut KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Zacks Investment Research cut KEMET from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th.

In other news, VP Gregory C. Thompson acquired 11,100 shares of the stock in a transaction on Thursday, February 7th. The shares were purchased at an average price of $17.97 per share, for a total transaction of $199,467.00. Following the transaction, the vice president now directly owns 105,000 shares of the company’s stock, valued at $1,886,850. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert G. Paul sold 11,998 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $18.61, for a total value of $223,282.78. Following the transaction, the director now owns 82,503 shares in the company, valued at approximately $1,535,380.83. The disclosure for this sale can be found here. Insiders have sold a total of 96,997 shares of company stock worth $1,807,381 in the last quarter. Company insiders own 2.95% of the company’s stock.

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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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