Two Sigma Advisers LP Purchases 32,500 Shares of Methode Electronics, Inc. (NYSE:MEI)

Two Sigma Advisers LP lifted its stake in Methode Electronics, Inc. (NYSE:MEI - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,700 shares of the electronics maker's stock after buying an additional 32,500 shares during the period. Two Sigma Advisers LP owned about 0.67% of Methode Electronics worth $2,814,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Methode Electronics in the fourth quarter valued at about $32,000. AlphaQuest LLC lifted 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. Inlight Wealth Management LLC acquired a new stake in Methode Electronics during the fourth quarter valued at approximately $163,000. LSV Asset Management bought a new stake in shares of Methode Electronics in the 4th quarter valued at approximately $169,000. Finally, SG Americas Securities LLC acquired a new position in shares of Methode Electronics in the 4th quarter worth approximately $209,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Methode Electronics Price Performance

Methode Electronics stock traded down $0.06 during trading hours on Friday, hitting $7.98. 228,301 shares of the stock were exchanged, compared to its average volume of 488,593. The stock has a market capitalization of $284.81 million, a P/E ratio of -3.15 and a beta of 0.88. The business's 50-day moving average is $6.60 and its two-hundred day moving average is $9.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.73 and a current ratio of 2.75. Methode Electronics, Inc. has a 12 month low of $5.08 and a 12 month high of $17.45.

Methode Electronics (NYSE:MEI - Get Free Report) 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). Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. The business had revenue of $239.90 million during the quarter, compared to analyst estimates of $264.01 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. Equities research analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, April 18th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Thursday, April 17th. Methode Electronics's dividend payout ratio is currently -21.46%.

Insider Transactions at Methode Electronics

In related news, SVP Lars Ullrich bought 15,150 shares of Methode Electronics stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $6.69 per share, for a total transaction of $101,353.50. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jonathan B. Degaynor purchased 32,733 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $6.46 per share, for a total transaction of $211,455.18. Following the completion of the purchase, the chief executive officer now directly owns 32,733 shares of the company's stock, valued at $211,455.18. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MEI. Robert W. Baird decreased their price target on Methode Electronics from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Sidoti upgraded shares of Methode Electronics from a "neutral" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Tuesday, February 25th.

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.