Versor Investments LP Has $286,000 Holdings in Methode Electronics, Inc. (NYSE:MEI)

Versor Investments LP lowered its holdings in shares of Methode Electronics, Inc. (NYSE:MEI) by 36.3% during the fourth quarter, Holdings Channel reports. The firm owned 24,256 shares of the electronics maker’s stock after selling 13,844 shares during the period. Versor Investments LP’s holdings in Methode Electronics were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Methode Electronics by 4.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,971 shares of the electronics maker’s stock worth $909,000 after acquiring an additional 3,288 shares during the last quarter. Empowered Funds LLC lifted its position in Methode Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 111,804 shares of the electronics maker’s stock worth $1,337,000 after purchasing an additional 5,628 shares during the period. PDT Partners LLC boosted its holdings in Methode Electronics by 9.1% during the third quarter. PDT Partners LLC now owns 82,678 shares of the electronics maker’s stock valued at $989,000 after purchasing an additional 6,888 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Methode Electronics in the 4th quarter valued at $126,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Methode Electronics in the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

MEI has been the topic of a number of recent research reports. Robert W. Baird increased their price objective on Methode Electronics from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Sidoti raised Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, February 25th.

Methode Electronics Price Performance

NYSE:MEI opened at $10.01 on Tuesday. Methode Electronics, Inc. has a 12-month low of $8.54 and a 12-month high of $21.65. The firm has a market capitalization of $356.96 million, a price-to-earnings ratio of -3.96 and a beta of 0.76. The stock’s 50 day moving average price is $11.41 and its two-hundred day moving average price is $10.98. The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.46.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. During the same quarter in the previous year, the company posted $0.06 earnings per share. On average, analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, January 17th. Methode Electronics’s dividend payout ratio (DPR) is presently -22.13%.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.