SG Americas Securities LLC Takes Position in Methode Electronics, Inc. (NYSE:MEI)

SG Americas Securities LLC acquired a new position in shares of Methode Electronics, Inc. (NYSE:MEI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,708 shares of the electronics maker’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Methode Electronics by 64.9% during the 2nd quarter. Sei Investments Co. now owns 34,571 shares of the electronics maker’s stock worth $358,000 after acquiring an additional 13,600 shares in the last quarter. Millennium Management LLC lifted its position in shares of Methode Electronics by 98.7% during the 2nd quarter. Millennium Management LLC now owns 648,019 shares of the electronics maker’s stock valued at $6,707,000 after buying an additional 321,832 shares in the last quarter. CWM LLC grew its stake in Methode Electronics by 685.1% in the 3rd quarter. CWM LLC now owns 8,730 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 7,618 shares during the period. Creative Planning increased its holdings in Methode Electronics by 209.8% in the 3rd quarter. Creative Planning now owns 53,529 shares of the electronics maker’s stock worth $640,000 after acquiring an additional 36,251 shares in the last quarter. Finally, nVerses Capital LLC raised its position in Methode Electronics by 1,600.0% during the third quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 3,200 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their target price on shares of Methode Electronics from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th.

Methode Electronics Trading Down 4.1 %

Shares of MEI stock opened at $10.53 on Friday. Methode Electronics, Inc. has a 1-year low of $8.54 and a 1-year high of $22.20. The firm has a market cap of $375.50 million, a PE ratio of -4.16 and a beta of 0.76. The company has a 50-day moving average of $12.03 and a two-hundred day moving average of $11.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.75 and a quick ratio of 1.73.

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

Methode Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.14 dividend. The ex-dividend date was Friday, January 17th. This represents a $0.56 annualized dividend and a yield of 5.32%. Methode Electronics’s dividend payout ratio is currently -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.