18,869 Shares in Methode Electronics, Inc. (NYSE:MEI) Acquired by Inceptionr LLC

Inceptionr LLC acquired a new position in Methode Electronics, Inc. (NYSE:MEI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,869 shares of the electronics maker’s stock, valued at approximately $222,000. Inceptionr LLC owned 0.05% of Methode Electronics as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC boosted its stake in shares of Methode Electronics by 22.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 149,826 shares of the electronics maker’s stock valued at $1,766,000 after buying an additional 27,210 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Methode Electronics by 15.3% during the 4th quarter. Bank of New York Mellon Corp now owns 312,251 shares of the electronics maker’s stock valued at $3,681,000 after buying an additional 41,387 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Methode Electronics by 73.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 68,161 shares of the electronics maker’s stock valued at $804,000 after buying an additional 28,799 shares during the period. Ieq Capital LLC acquired a new stake in shares of Methode Electronics during the 4th quarter valued at $304,000. Finally, Empowered Funds LLC boosted its stake in shares of Methode Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 117,481 shares of the electronics maker’s stock valued at $1,385,000 after buying an additional 5,677 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

MEI has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of Methode Electronics from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Sidoti raised shares of Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, February 25th.

Methode Electronics Stock Down 6.9 %

MEI stock opened at $6.10 on Tuesday. 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 1 year low of $5.84 and a 1 year high of $17.45. The company has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.88. The firm has a market cap of $217.33 million, a PE ratio of -2.41 and a beta of 0.77.

Methode Electronics (NYSE:MEI) last announced its earnings results on Wednesday, March 5th. The electronics maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.04). The firm had revenue of $239.90 million during 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 last year, the business earned ($0.33) EPS. Sell-side analysts anticipate that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $0.14 dividend. The ex-dividend date was Friday, January 17th. This represents a $0.56 annualized dividend and a yield of 9.19%. Methode Electronics’s dividend payout ratio (DPR) is presently -21.46%.

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.