Barclays PLC Has $1.53 Million Position in Methode Electronics, Inc. (NYSE:MEI)

Barclays PLC boosted its holdings in Methode Electronics, Inc. (NYSE:MEI - Free Report) by 112.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,917 shares of the electronics maker's stock after acquiring an additional 67,656 shares during the period. Barclays PLC owned about 0.36% of Methode Electronics worth $1,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MEI. nVerses Capital LLC lifted its holdings in shares of Methode Electronics by 1,600.0% in the 3rd quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker's stock worth $41,000 after purchasing an additional 3,200 shares during the last quarter. CWM LLC increased its position in Methode Electronics by 685.1% in the third quarter. CWM LLC now owns 8,730 shares of the electronics maker's stock worth $104,000 after buying an additional 7,618 shares during the period. Quest Partners LLC lifted its stake in Methode Electronics by 17.1% in the second quarter. Quest Partners LLC now owns 12,062 shares of the electronics maker's stock valued at $125,000 after buying an additional 1,758 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of Methode Electronics during the third quarter valued at $132,000. Finally, Acadian Asset Management LLC bought a new position in shares of Methode Electronics during the second quarter worth about $149,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MEI has been the subject of a number of recent analyst reports. StockNews.com raised Methode Electronics from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Robert W. Baird raised their price target on Methode Electronics from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, December 6th.

Methode Electronics Price Performance

Shares of MEI stock traded up $0.25 during mid-day trading on Friday, hitting $12.23. 479,122 shares of the stock traded hands, compared to its average volume of 527,476. Methode Electronics, Inc. has a twelve month low of $8.54 and a twelve month high of $23.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.73 and a current ratio of 2.75. The company's 50-day simple moving average is $10.85 and its 200-day simple moving average is $10.91. The firm has a market cap of $436.09 million, a price-to-earnings ratio of -4.83 and a beta of 0.81.

Methode Electronics (NYSE:MEI - Get Free Report) last announced its earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts expect that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.56 annualized dividend and a dividend yield of 4.58%. Methode Electronics's dividend payout ratio 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.