International Assets Investment Management LLC Purchases 5,609 Shares of Methode Electronics, Inc. (NYSE:MEI)

International Assets Investment Management LLC grew its holdings in Methode Electronics, Inc. (NYSE:MEI) by 2,182.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,866 shares of the electronics maker’s stock after purchasing an additional 5,609 shares during the period. International Assets Investment Management LLC’s holdings in Methode Electronics were worth $133,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC lifted its position in Methode Electronics by 503.2% during the 3rd quarter. CWM LLC now owns 1,689 shares of the electronics maker’s stock worth $39,000 after buying an additional 1,409 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Methode Electronics during the 3rd quarter worth approximately $476,000. Verdence Capital Advisors LLC bought a new stake in shares of Methode Electronics during the 3rd quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Methode Electronics by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,956 shares of the electronics maker’s stock valued at $182,000 after buying an additional 1,899 shares during the last quarter. Finally, Duality Advisers LP grew its stake in shares of Methode Electronics by 51.3% in the third quarter. Duality Advisers LP now owns 22,017 shares of the electronics maker’s stock valued at $503,000 after buying an additional 7,463 shares in the last quarter. Institutional investors own 95.49% of the company’s stock.

Methode Electronics Trading Up 3.2 %

MEI stock opened at $12.61 on Tuesday. The stock has a market cap of $446.27 million, a price-to-earnings ratio of -7.69 and a beta of 0.86. The company has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $19.65. Methode Electronics, Inc. has a one year low of $11.09 and a one year high of $46.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.74 and a quick ratio of 1.85.

Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, March 7th. The electronics maker reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.40). Methode Electronics had a positive return on equity of 0.07% and a negative net margin of 5.09%. The company had revenue of $259.50 million for the quarter, compared to the consensus estimate of $288.50 million. During the same period in the previous year, the firm posted $0.54 EPS. Equities analysts anticipate that Methode Electronics, Inc. will post -0.41 EPS for the current year.

Methode Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.44%. Methode Electronics’s dividend payout ratio (DPR) is currently -34.15%.

Analyst Upgrades and Downgrades

MEI has been the topic of several analyst reports. Sidoti reaffirmed a “neutral” rating and set a $17.00 price target on shares of Methode Electronics in a research report on Thursday, March 7th. Jefferies Financial Group initiated coverage on shares of Methode Electronics in a research note on Tuesday, April 9th. They issued a “hold” rating and a $12.00 target price for the company.

About Methode Electronics

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.