Fox Run Management L.L.C. Takes Position in Methode Electronics, Inc. (NYSE:MEI)

Fox Run Management L.L.C. bought a new position in shares of Methode Electronics, Inc. (NYSE:MEI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,483 shares of the electronics maker’s stock, valued at approximately $241,000. Fox Run Management L.L.C. owned 0.06% of Methode Electronics at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MEI. AlphaQuest LLC boosted its position in Methode Electronics by 196.8% during the fourth quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 2,990 shares during the period. Diversified Trust Co acquired a new stake in shares of Methode Electronics during the 4th quarter worth about $126,000. Intech Investment Management LLC bought a new stake in shares of Methode Electronics during the 3rd quarter worth about $178,000. SG Americas Securities LLC acquired a new position in Methode Electronics in the 4th quarter valued at about $209,000. Finally, Inceptionr LLC bought a new position in Methode Electronics in the 4th quarter valued at about $222,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Methode Electronics

In other news, SVP Lars Ullrich bought 15,150 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $6.69 per share, for a total transaction of $101,353.50. Following the transaction, the senior vice president now owns 15,150 shares of the company’s stock, valued at $101,353.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan B. Degaynor purchased 32,733 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $6.46 per share, with a total value of $211,455.18. Following the acquisition, the chief executive officer now owns 32,733 shares in the company, valued at $211,455.18. This trade represents 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 Performance

NYSE MEI opened at $6.77 on Friday. The firm has a 50-day moving average price of $9.67 and a two-hundred day moving average price of $10.55. Methode Electronics, Inc. has a 12-month low of $5.84 and a 12-month high of $17.45. The company has a market capitalization of $241.45 million, a P/E ratio of -2.67 and a beta of 0.77. 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 (NYSE:MEI) last issued its quarterly earnings results on Wednesday, March 5th. The electronics maker reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.04). Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. The company had revenue of $239.90 million during the quarter, compared to the consensus estimate of $264.01 million. During the same quarter last year, the firm posted ($0.33) earnings per share. Analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, April 18th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Thursday, April 17th. Methode Electronics’s payout ratio is currently -21.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Methode Electronics from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Sidoti upgraded Methode Electronics from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, February 25th.

Methode Electronics Company 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.