Kewaunee Scientific Co. (NASDAQ:KEQU) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 2,300 shares, a decrease of 42.5% from the August 30th total of 4,000 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in shares of Kewaunee Scientific by 2.0% during the 3rd quarter. North Star Investment Management Corp. now owns 99,692 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 2,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kewaunee Scientific by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 92,627 shares of the technology company’s stock worth $1,773,000 after purchasing an additional 727 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kewaunee Scientific by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 213,176 shares of the technology company’s stock worth $7,086,000 after purchasing an additional 1,317 shares in the last quarter. 47.17% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.
Shares of KEQU traded down $0.24 during trading hours on Friday, hitting $15.51. 14,904 shares of the company were exchanged, compared to its average volume of 4,045. The company has a market cap of $42.65 million, a price-to-earnings ratio of 30.54 and a beta of -0.50. Kewaunee Scientific has a fifty-two week low of $15.06 and a fifty-two week high of $34.84. The company has a quick ratio of 1.38, a current ratio of 1.81 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average is $15.76 and its 200 day moving average is $19.06.
Kewaunee Scientific (NASDAQ:KEQU) last released its earnings results on Tuesday, August 27th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $39.34 million for the quarter. Kewaunee Scientific had a return on equity of 2.97% and a net margin of 0.41%.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, September 9th.
Kewaunee Scientific Company Profile
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates in two segments, Domestic and International. Its products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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