13,801 Shares in Preformed Line Products (NASDAQ:PLPC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Preformed Line Products (NASDAQ:PLPC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,801 shares of the technology company’s stock, valued at approximately $1,764,000. Proficio Capital Partners LLC owned about 0.28% of Preformed Line Products at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PLPC. Private Advisor Group LLC grew its holdings in shares of Preformed Line Products by 3.6% during the fourth quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company’s stock valued at $365,000 after buying an additional 100 shares during the last quarter. SG Americas Securities LLC grew its stake in Preformed Line Products by 13.1% during the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company’s stock valued at $135,000 after purchasing an additional 122 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Preformed Line Products by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company’s stock valued at $4,186,000 after purchasing an additional 186 shares during the period. Cardinal Capital Management raised its stake in shares of Preformed Line Products by 2.3% in the fourth quarter. Cardinal Capital Management now owns 10,491 shares of the technology company’s stock worth $1,341,000 after purchasing an additional 239 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Preformed Line Products by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 17,293 shares of the technology company’s stock worth $2,210,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Trading Up 0.8 %

Shares of Preformed Line Products stock opened at $152.34 on Thursday. The stock has a market cap of $752.71 million, a PE ratio of 22.87 and a beta of 0.62. The firm has a fifty day moving average price of $135.06 and a 200 day moving average price of $130.07. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $154.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Thursday, March 13th. The technology company reported $2.13 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The business had revenue of $167.12 million during the quarter.

Preformed Line Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.53%. Preformed Line Products’s dividend payout ratio is presently 10.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

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.