GAMMA Investing LLC Purchases 3,072 Shares of Preformed Line Products Company (NASDAQ:PLPC)

GAMMA Investing LLC boosted its holdings in shares of Preformed Line Products Company (NASDAQ:PLPC - Free Report) by 30,720.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,082 shares of the technology company's stock after buying an additional 3,072 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Preformed Line Products worth $432,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Preformed Line Products by 28.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,409 shares of the technology company's stock worth $180,000 after acquiring an additional 314 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Preformed Line Products by 3.6% in the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock worth $365,000 after acquiring an additional 100 shares in the last quarter. Nierenberg Investment Management Company Inc. bought a new stake in shares of Preformed Line Products in the 4th quarter worth $582,000. Pullen Investment Management LLC bought a new stake in shares of Preformed Line Products in the 4th quarter worth $605,000. Finally, Barclays PLC grew its stake in shares of Preformed Line Products by 8.5% in the 4th quarter. Barclays PLC now owns 5,413 shares of the technology company's stock worth $692,000 after acquiring an additional 424 shares in the last quarter. Institutional investors own 41.19% of the company's stock.

Preformed Line Products Stock Performance

PLPC traded down $0.80 during trading on Monday, hitting $152.74. 85,561 shares of the company traded hands, compared to its average volume of 27,000. The company has a quick ratio of 1.81, a current ratio of 3.08 and a debt-to-equity ratio of 0.06. The firm has a market cap of $754.54 million, a P/E ratio of 19.36 and a beta of 0.75. Preformed Line Products Company has a one year low of $109.01 and a one year high of $159.05. The stock's fifty day moving average is $142.05 and its 200 day moving average is $137.26.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.33 EPS for the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%. The company had revenue of $148.54 million during the quarter.

Preformed Line Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Tuesday, July 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, July 1st. Preformed Line Products's dividend payout ratio is currently 10.14%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.