Jane Street Group LLC Has $295,000 Position in KEMET Co. (KEM)

Jane Street Group LLC cut its position in KEMET Co. (NYSE:KEM) by 81.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,598 shares of the electronics maker’s stock after selling 86,040 shares during the quarter. Jane Street Group LLC’s holdings in KEMET were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KEM. Nokomis Capital L.L.C. boosted its position in KEMET by 467.1% during the fourth quarter. Nokomis Capital L.L.C. now owns 1,337,442 shares of the electronics maker’s stock worth $20,142,000 after purchasing an additional 1,101,612 shares during the period. Royce & Associates LP boosted its position in KEMET by 50.0% during the fourth quarter. Royce & Associates LP now owns 1,639,523 shares of the electronics maker’s stock worth $24,691,000 after purchasing an additional 546,790 shares during the period. Bank of New York Mellon Corp boosted its position in KEMET by 289.2% during the third quarter. Bank of New York Mellon Corp now owns 626,776 shares of the electronics maker’s stock worth $13,243,000 after purchasing an additional 465,727 shares during the period. JPMorgan Chase & Co. boosted its position in KEMET by 4,743.7% during the third quarter. JPMorgan Chase & Co. now owns 471,288 shares of the electronics maker’s stock worth $10,265,000 after purchasing an additional 461,558 shares during the period. Finally, Wells Fargo & Company MN boosted its position in KEMET by 1,232.3% during the third quarter. Wells Fargo & Company MN now owns 449,957 shares of the electronics maker’s stock worth $9,507,000 after purchasing an additional 416,185 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Gurminder S. Bedi sold 24,999 shares of KEMET stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $501,729.93. Following the completion of the sale, the director now owns 81,201 shares of the company’s stock, valued at $1,629,704.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Per Olof Loof sold 50,000 shares of KEMET stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $18.25, for a total value of $912,500.00. Following the sale, the director now directly owns 1,116,479 shares of the company’s stock, valued at approximately $20,375,741.75. The disclosure for this sale can be found here. Insiders have sold 165,531 shares of company stock valued at $3,036,021 in the last three months. Insiders own 3.88% of the company’s stock.

KEM opened at $18.87 on Monday. KEMET Co. has a fifty-two week low of $10.83 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.49 and a quick ratio of 1.74. The firm has a market cap of $1,061.92, a PE ratio of 53.91 and a beta of 3.62.

KEMET (NYSE:KEM) last posted its earnings results on Thursday, February 1st. The electronics maker reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.16. KEMET had a return on equity of 22.51% and a net margin of 28.33%. The company had revenue of $306.40 million during the quarter, compared to the consensus estimate of $295.68 million. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue was up 63.0% on a year-over-year basis. sell-side analysts predict that KEMET Co. will post 1.62 EPS for the current year.

A number of equities analysts have commented on KEM shares. Zacks Investment Research raised shares of KEMET from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. B. Riley reaffirmed a “buy” rating and set a $22.50 price objective on shares of KEMET in a research report on Monday, January 22nd. Finally, ValuEngine raised shares of KEMET from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $19.58.

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About KEMET

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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