SG Americas Securities LLC Takes Position in Preformed Line Products (NASDAQ:PLPC)

SG Americas Securities LLC bought a new stake in shares of Preformed Line Products (NASDAQ:PLPC) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 931 shares of the technology company’s stock, valued at approximately $119,000.

Other hedge funds have also modified their holdings of the company. Apis Capital Advisors LLC purchased a new stake in shares of Preformed Line Products during the second quarter valued at $573,000. Easterly Investment Partners LLC purchased a new stake in Preformed Line Products in the 2nd quarter worth about $1,658,000. Janney Montgomery Scott LLC lifted its stake in Preformed Line Products by 1.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,166 shares of the technology company’s stock worth $1,823,000 after acquiring an additional 192 shares in the last quarter. American Century Companies Inc. lifted its stake in Preformed Line Products by 82.4% in the 2nd quarter. American Century Companies Inc. now owns 4,822 shares of the technology company’s stock worth $601,000 after acquiring an additional 2,179 shares in the last quarter. Finally, Denali Advisors LLC lifted its stake in Preformed Line Products by 37.9% in the 1st quarter. Denali Advisors LLC now owns 4,000 shares of the technology company’s stock worth $515,000 after acquiring an additional 1,100 shares in the last quarter. 41.19% of the stock is owned by hedge funds and other institutional investors.

Preformed Line Products Stock Down 0.6 %

Shares of Preformed Line Products stock opened at $124.46 on Friday. The stock has a 50-day moving average price of $121.01 and a 200 day moving average price of $124.32. The company has a market cap of $611.10 million, a P/E ratio of 15.27 and a beta of 0.61. The company has a current ratio of 2.93, a quick ratio of 1.57 and a debt-to-equity ratio of 0.07. Preformed Line Products has a 1 year low of $104.96 and a 1 year high of $141.66.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.89 earnings per share (EPS) for the quarter. The firm had revenue of $138.72 million during the quarter. Preformed Line Products had a return on equity of 9.83% and a net margin of 6.90%.

Preformed Line Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, October 1st. Preformed Line Products’s dividend payout ratio is currently 9.82%.

Preformed Line Products Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.