Quantbot Technologies LP Lowers Stock Holdings in Methode Electronics, Inc. (NYSE:MEI)

Quantbot Technologies LP cut its holdings in shares of Methode Electronics, Inc. (NYSE:MEI) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,145 shares of the electronics maker’s stock after selling 12,449 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Methode Electronics worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC lifted its holdings in shares of Methode Electronics by 5.2% during the 4th quarter. Aviance Capital Partners LLC now owns 56,594 shares of the electronics maker’s stock worth $667,000 after acquiring an additional 2,781 shares during the period. AlphaQuest LLC raised its stake in Methode Electronics by 196.8% during the fourth quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 2,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Methode Electronics by 4.5% in 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 valued at $909,000 after purchasing an additional 3,288 shares during the last quarter. Empowered Funds LLC grew 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. Finally, PDT Partners LLC increased its holdings in shares of Methode Electronics by 9.1% during the 3rd quarter. PDT Partners LLC now owns 82,678 shares of the electronics maker’s stock worth $989,000 after buying an additional 6,888 shares during the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.

Methode Electronics Trading Down 4.0 %

NYSE:MEI opened at $6.48 on Friday. The business’s 50-day moving average is $9.56 and its two-hundred day moving average is $10.52. The firm has a market capitalization of $231.28 million, a PE ratio of -2.56 and a beta of 0.77. Methode Electronics, Inc. has a 12 month low of $5.84 and a 12 month high of $17.45. 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 quarterly earnings results on Wednesday, March 5th. The electronics maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.04). The company had revenue of $239.90 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned ($0.33) EPS. Research analysts predict that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, April 18th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Thursday, April 17th. Methode Electronics’s dividend payout ratio is currently -21.46%.

Insider Buying and Selling at Methode Electronics

In related news, SVP Lars Ullrich bought 15,150 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $6.69 per share, with a total value of $101,353.50. Following the transaction, the senior vice president now owns 15,150 shares of the company’s stock, valued at approximately $101,353.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jonathan B. Degaynor acquired 32,733 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $6.46 per share, with a total value of $211,455.18. Following the acquisition, the chief executive officer now owns 32,733 shares of the company’s stock, valued at $211,455.18. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on MEI. Robert W. Baird lowered their price target on Methode Electronics from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Sidoti upgraded Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, February 25th.

About Methode Electronics

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.