28,926 Shares in Methode Electronics, Inc. $MEI Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Methode Electronics, Inc. (NYSE:MEI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,926 shares of the electronics maker’s stock, valued at approximately $549,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in shares of Methode Electronics during the 2nd quarter worth about $40,000. EverSource Wealth Advisors LLC raised its stake in shares of Methode Electronics by 1,027.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,089 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 2,815 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Methode Electronics in the 2nd quarter valued at approximately $65,000. Quantbot Technologies LP acquired a new stake in Methode Electronics in the 2nd quarter worth approximately $212,000. Finally, XTX Topco Ltd acquired a new stake in Methode Electronics in the 2nd quarter worth approximately $107,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Methode Electronics Trading Down 1.3%

Shares of Methode Electronics stock opened at $18.09 on Thursday. The company’s fifty day simple moving average is $16.21 and its 200-day simple moving average is $11.40. The company has a market cap of $641.65 million, a price-to-earnings ratio of -17.91 and a beta of 1.54. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. Methode Electronics, Inc. has a 1 year low of $4.88 and a 1 year high of $20.38.

Methode Electronics (NYSE:MEI) last released its earnings results on Wednesday, September 2nd. The electronics maker reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.05. The firm had revenue of $265.40 million during the quarter, compared to analysts’ expectations of $238.31 million. Methode Electronics had a negative net margin of 3.50% and a negative return on equity of 5.59%. As a group, sell-side analysts expect that Methode Electronics, Inc. will post -0.95 EPS for the current year.

Methode Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, July 17th. Methode Electronics’s dividend payout ratio (DPR) is -19.80%.

Wall Street Analysts Forecast Growth

MEI has been the topic of several analyst reports. Craig Hallum started coverage on Methode Electronics in a report on Tuesday, August 25th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Research raised shares of Methode Electronics from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Sidoti reiterated a “neutral” rating and issued a $17.00 target price on shares of Methode Electronics in a research note on Friday, June 26th. Robert W. Baird lifted their target price on shares of Methode Electronics from $8.50 to $16.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Methode Electronics in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Methode Electronics has an average rating of “Hold” and a consensus target price of $22.00.

About Methode Electronics

Methode Electronics, Inc is a Chicago-based global manufacturer of custom-engineered electronic and electromechanical components and assemblies. Founded in 1946, Methode specializes in providing solutions that integrate electrical connectors, sensors, switches, human-machine interface devices and power distribution modules. The company’s product portfolio addresses complex application requirements across a broad range of end markets, including automotive, industrial, energy, healthcare and data/telecommunications.

In its automotive segment, Methode develops advanced connector systems, circuit protection devices and thermal management solutions for internal combustion, hybrid and electric vehicles.