Nebula Research & Development LLC Sells 7,218 Shares of Methode Electronics, Inc. (NYSE:MEI)

Nebula Research & Development LLC lessened its holdings in Methode Electronics, Inc. (NYSE:MEI) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,472 shares of the electronics maker’s stock after selling 7,218 shares during the quarter. Nebula Research & Development LLC owned 0.12% of Methode Electronics worth $489,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC boosted its holdings 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 purchasing an additional 67,656 shares during the period. JPMorgan Chase & Co. raised its position in shares of Methode Electronics by 176.7% in the fourth quarter. JPMorgan Chase & Co. now owns 263,381 shares of the electronics maker’s stock valued at $3,105,000 after buying an additional 168,188 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Methode Electronics in the fourth quarter valued at approximately $3,678,000. Geode Capital Management LLC grew its position in Methode Electronics by 2.6% during the third quarter. Geode Capital Management LLC now owns 802,728 shares of the electronics maker’s stock worth $9,603,000 after buying an additional 20,487 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Methode Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 117,481 shares of the electronics maker’s stock worth $1,385,000 after acquiring an additional 5,677 shares during the period. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Methode Electronics

In other news, SVP Lars Ullrich purchased 15,150 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $6.69 per share, with a total value of $101,353.50. Following the completion of the purchase, the senior vice president now owns 15,150 shares of the company’s stock, valued at $101,353.50. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jonathan B. Degaynor purchased 32,733 shares of Methode Electronics stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $6.46 per share, for a total transaction of $211,455.18. Following the completion of the acquisition, the chief executive officer now owns 32,733 shares of the company’s stock, valued at approximately $211,455.18. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 1.40% of the stock is owned by insiders.

Methode Electronics Stock Down 0.2 %

NYSE MEI opened at $6.40 on Wednesday. Methode Electronics, Inc. has a fifty-two week low of $5.08 and a fifty-two week high of $17.45. The business has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $9.68. 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 stock has a market capitalization of $228.42 million, a PE ratio of -2.53 and a beta of 0.93.

Methode Electronics (NYSE:MEI) last released its quarterly earnings data on Wednesday, March 5th. The electronics maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.04). The business had revenue of $239.90 million during the quarter, compared to analyst estimates of $264.01 million. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same period last year, the business earned ($0.33) earnings per share. Equities analysts expect that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, April 18th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date was Thursday, April 17th. Methode Electronics’s dividend payout ratio is -21.46%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Methode Electronics from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Sidoti upgraded shares of Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, February 25th.

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.