Kewaunee Scientific Co. (NASDAQ:KEQU) Stake Lessened by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC cut its holdings in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,730 shares of the technology company’s stock after selling 474 shares during the quarter. Morgan Dempsey Capital Management LLC owned approximately 0.35% of Kewaunee Scientific worth $205,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Kewaunee Scientific by 0.6% in the fourth 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 during the last quarter. LSV Asset Management increased its holdings in shares of Kewaunee Scientific by 5.4% in the first quarter. LSV Asset Management now owns 34,446 shares of the technology company’s stock worth $725,000 after purchasing an additional 1,750 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of Kewaunee Scientific by 7.7% in the first quarter. North Star Investment Management Corp. now owns 97,692 shares of the technology company’s stock worth $2,057,000 after purchasing an additional 7,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Kewaunee Scientific by 28.4% in the fourth quarter. BlackRock Inc. now owns 36,075 shares of the technology company’s stock worth $1,200,000 after purchasing an additional 7,987 shares during the last quarter. Finally, Eagle Ridge Investment Management bought a new stake in shares of Kewaunee Scientific in the fourth quarter worth about $282,000. 46.84% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on KEQU. TheStreet cut Kewaunee Scientific from a “b-” rating to a “c+” rating in a research note on Thursday, April 4th. ValuEngine cut Kewaunee Scientific from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th.

Shares of NASDAQ:KEQU traded up $0.56 during trading hours on Friday, hitting $22.25. 4,041 shares of the company’s stock traded hands, compared to its average volume of 3,039. Kewaunee Scientific Co. has a 1 year low of $20.21 and a 1 year high of $38.80. The firm has a market capitalization of $59.57 million, a PE ratio of 14.27 and a beta of -0.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.52 and a quick ratio of 1.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.76 annualized dividend and a dividend yield of 3.42%.

TRADEMARK VIOLATION WARNING: “Kewaunee Scientific Co. (NASDAQ:KEQU) Stake Lessened by Morgan Dempsey Capital Management LLC” was reported by Rockland Register and is owned by of Rockland Register. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://rocklandregister.com/2019/06/15/morgan-dempsey-capital-management-llc-cuts-holdings-in-kewaunee-scientific-co-kequ.html.

About Kewaunee Scientific

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.

Further Reading: SEC Filing

Institutional Ownership by Quarter for Kewaunee Scientific (NASDAQ:KEQU)

Receive News & Ratings for Kewaunee Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kewaunee Scientific and related companies with MarketBeat.com's FREE daily email newsletter.