Methode Electronics, Inc. (NYSE:MEI) SVP Buys $101,353.50 in Stock

Methode Electronics, Inc. (NYSE:MEI) SVP Lars Ullrich purchased 15,150 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $6.69 per share, for a total transaction of $101,353.50. Following the transaction, the senior vice president now directly owns 15,150 shares of the company’s stock, valued at approximately $101,353.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Methode Electronics Stock Down 0.5 %

Shares of NYSE:MEI opened at $6.78 on Friday. The stock has a market capitalization of $241.84 million, a P/E ratio of -2.68 and a beta of 0.77. The stock’s 50-day moving average price is $10.16 and its 200-day moving average price is $10.66. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. Methode Electronics, Inc. has a 12-month low of $5.84 and a 12-month high of $17.45.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings results on Wednesday, March 5th. The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). The company had revenue of $239.90 million for the quarter, compared to the consensus estimate of $264.01 million. 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 business earned ($0.33) earnings per share. On average, equities analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, April 18th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.26%. Methode Electronics’s payout ratio is -21.46%.

Institutional Investors Weigh In On Methode Electronics

Several institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Methode Electronics by 8.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,139 shares of the electronics maker’s stock valued at $237,000 after acquiring an additional 1,513 shares during the period. Quarry LP bought a new stake in shares of Methode Electronics in the fourth quarter worth about $32,000. Aviance Capital Partners LLC increased its holdings in Methode Electronics by 5.2% during the 4th quarter. Aviance Capital Partners LLC now owns 56,594 shares of the electronics maker’s stock valued at $667,000 after purchasing an additional 2,781 shares during the period. AlphaQuest LLC increased its holdings in Methode Electronics by 196.8% during the 4th quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 2,990 shares during the period. Finally, Virtus Fund Advisers LLC bought a new position in Methode Electronics during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Sidoti upgraded Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, February 25th. Robert W. Baird reduced their price target on shares of Methode Electronics from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

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.