Methode Electronics, Inc. (NYSE:MEI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 67.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,663 shares of the electronics maker's stock after selling 23,897 shares during the period. Nisa Investment Advisors LLC's holdings in Methode Electronics were worth $138,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MEI. nVerses Capital LLC increased its position in Methode Electronics by 1,600.0% during the third quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker's stock valued at $41,000 after acquiring an additional 3,200 shares during the last quarter. CWM LLC increased its holdings in Methode Electronics by 685.1% during the third quarter. CWM LLC now owns 8,730 shares of the electronics maker's stock valued at $104,000 after buying an additional 7,618 shares during the last quarter. Diversified Trust Co bought a new position in Methode Electronics in the fourth quarter worth approximately $126,000. Pinnacle Associates Ltd. bought a new stake in Methode Electronics during the third quarter valued at about $132,000. Finally, Intech Investment Management LLC bought a new stake in Methode Electronics during the 3rd quarter worth approximately $178,000. Hedge funds and other institutional investors own 95.49% of the company's stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped 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 Stock Down 3.9 %

Shares of NYSE MEI traded down $0.44 during trading hours on Monday, hitting $10.88. 170,018 shares of the stock were exchanged, compared to its average volume of 378,531. The firm has a fifty day moving average price of $12.03 and a 200-day moving average price of $11.15. The company has a market cap of $387.98 million, a PE ratio of -4.32 and a beta of 0.76. The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.46. Methode Electronics, Inc. has a 12 month low of $8.54 and a 12 month high of $22.20.

Methode Electronics (NYSE:MEI - Get Free Report) last released its earnings results 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 net margin of 8.16% and a negative return on equity of 3.26%. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, sell-side analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current year.

Methode Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Friday, January 17th. Methode Electronics's payout ratio is -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.