Methode Electronics, Inc. (NYSE:MEI) Stock Position Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 37.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,613 shares of the electronics maker's stock after selling 60,164 shares during the period. BNP Paribas Financial Markets owned approximately 0.29% of Methode Electronics worth $1,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Algert Global LLC grew its holdings in Methode Electronics by 228.2% in the third quarter. Algert Global LLC now owns 273,551 shares of the electronics maker's stock valued at $3,272,000 after purchasing an additional 190,203 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Methode Electronics in the third quarter valued at $178,000. Howe & Rusling Inc. purchased a new stake in shares of Methode Electronics in the third quarter valued at $325,000. Aviance Capital Partners LLC lifted its position in shares of Methode Electronics by 92.1% in the third quarter. Aviance Capital Partners LLC now owns 53,813 shares of the electronics maker's stock valued at $644,000 after acquiring an additional 25,802 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Methode Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 111,804 shares of the electronics maker's stock valued at $1,337,000 after acquiring an additional 5,628 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com upgraded Methode Electronics from a "sell" rating to a "hold" rating in a research report on Friday, September 6th. Robert W. Baird increased their target price on Methode Electronics from $13.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday.

Insider Activity

In other news, Director David P. Blom bought 9,320 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $10.81 per share, for a total transaction of $100,749.20. Following the transaction, the director now owns 37,531 shares in the company, valued at $405,710.11. The trade was a 33.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary A. Lindsey bought 8,800 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was purchased at an average price of $11.38 per share, with a total value of $100,144.00. Following the transaction, the director now owns 25,970 shares in the company, valued at approximately $295,538.60. This represents a 51.25 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.40% of the company's stock.

Methode Electronics Trading Up 0.3 %

Shares of Methode Electronics stock traded up $0.04 during trading hours on Tuesday, reaching $13.07. The stock had a trading volume of 900,309 shares, compared to its average volume of 534,687. The firm has a 50 day simple moving average of $10.46 and a two-hundred day simple moving average of $10.80. The firm has a market capitalization of $460.59 million, a price-to-earnings ratio of -5.17 and a beta of 0.81. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. Methode Electronics, Inc. has a 1 year low of $8.54 and a 1 year high of $23.41.

Methode Electronics (NYSE:MEI - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.31. Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. During the same period in the prior year, the business posted $0.06 EPS. As a group, equities research analysts anticipate that Methode Electronics, Inc. will post -0.47 earnings per share for the current year.

Methode Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.28%. Methode Electronics's dividend payout ratio (DPR) is currently -22.13%.

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.