Counterpoint Mutual Funds LLC Makes New $176,000 Investment in Methode Electronics, Inc. (NYSE:MEI)

Counterpoint Mutual Funds LLC acquired a new position in shares of Methode Electronics, Inc. (NYSE:MEI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,436 shares of the electronics maker’s stock, valued at approximately $176,000.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Methode Electronics by 512.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,212 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 1,014 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Methode Electronics by 295.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,710 shares of the electronics maker’s stock valued at $62,000 after purchasing an additional 2,025 shares during the period. International Assets Investment Management LLC grew its stake in Methode Electronics by 2,182.5% during the 4th quarter. International Assets Investment Management LLC now owns 5,866 shares of the electronics maker’s stock worth $133,000 after buying an additional 5,609 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Methode Electronics by 30.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,809 shares of the electronics maker’s stock worth $224,000 after buying an additional 2,283 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Methode Electronics during the third quarter worth approximately $229,000. 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 research reports. Jefferies Financial Group assumed coverage on shares of Methode Electronics in a research report on Tuesday, April 9th. They set a “hold” rating and a $12.00 target price on the stock. Sidoti reissued a “neutral” rating and set a $17.00 price objective on shares of Methode Electronics in a research report on Thursday, March 7th.

Methode Electronics Stock Performance

Methode Electronics stock traded down $0.55 during mid-day trading on Tuesday, reaching $9.53. 1,125,310 shares of the company were exchanged, compared to its average volume of 576,333. The firm’s 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $16.15. Methode Electronics, Inc. has a twelve month low of $8.54 and a twelve month high of $34.04. The firm has a market cap of $337.09 million, a PE ratio of -5.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.85 and a current ratio of 2.74.

Methode Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, July 12th. Methode Electronics’s dividend payout ratio is presently -34.15%.

Methode Electronics 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.