Legato Capital Management LLC Has $428,000 Holdings in Methode Electronics, Inc. (NYSE:MEI)

Legato Capital Management LLC cut its holdings in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,288 shares of the electronics maker's stock after selling 29,019 shares during the period. Legato Capital Management LLC owned about 0.10% of Methode Electronics worth $428,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MEI. Kingsview Wealth Management LLC bought a new position in Methode Electronics in the 4th quarter valued at $3,678,000. Algert Global LLC boosted its position in Methode Electronics by 228.2% in the 3rd quarter. Algert Global LLC now owns 273,551 shares of the electronics maker's stock valued at $3,272,000 after buying an additional 190,203 shares during the last quarter. Walleye Capital LLC boosted its position in Methode Electronics by 86.6% in the 3rd quarter. Walleye Capital LLC now owns 334,385 shares of the electronics maker's stock valued at $3,999,000 after buying an additional 155,147 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Methode Electronics in the 3rd quarter valued at $1,466,000. Finally, Barclays PLC boosted its position in Methode Electronics by 112.3% in the 3rd quarter. Barclays PLC now owns 127,917 shares of the electronics maker's stock valued at $1,530,000 after buying an additional 67,656 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price objective on Methode Electronics from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, December 6th.

Methode Electronics Trading Up 2.2 %

Shares of MEI stock traded up $0.23 during trading hours on Tuesday, reaching $10.60. The company had a trading volume of 62,379 shares, compared to its average volume of 337,654. The company has a 50 day moving average of $11.78 and a 200 day moving average of $10.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.75 and a quick ratio of 1.73. The firm has a market cap of $378.00 million, a price-to-earnings ratio of -4.19 and a beta of 0.76. Methode Electronics, Inc. has a 1-year low of $8.54 and a 1-year high of $22.20.

Methode Electronics (NYSE:MEI - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, beating 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 company posted $0.06 EPS. On average, equities research analysts anticipate that Methode Electronics, Inc. will post -0.4 EPS for the current year.

Methode Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, January 17th. Methode Electronics's dividend payout ratio (DPR) is currently -22.13%.

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.