Creative Planning Buys 36,251 Shares of Methode Electronics, Inc. (NYSE:MEI)

Creative Planning raised its stake in shares of Methode Electronics, Inc. (NYSE:MEI) by 209.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,529 shares of the electronics maker’s stock after acquiring an additional 36,251 shares during the quarter. Creative Planning owned approximately 0.15% of Methode Electronics worth $640,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in Methode Electronics by 749.7% in the second quarter. Nisa Investment Advisors LLC now owns 5,693 shares of the electronics maker’s stock valued at $59,000 after acquiring an additional 5,023 shares during the period. CWM LLC boosted its holdings in Methode Electronics by 685.1% during the third quarter. CWM LLC now owns 8,730 shares of the electronics maker’s stock worth $104,000 after purchasing an additional 7,618 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Methode Electronics during the 2nd quarter worth about $111,000. Quest Partners LLC grew its holdings in shares of Methode Electronics by 17.1% in the 2nd quarter. Quest Partners LLC now owns 12,062 shares of the electronics maker’s stock valued at $125,000 after acquiring an additional 1,758 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Methode Electronics in the first quarter valued at about $136,000. Institutional investors own 95.49% of the company’s stock.

Analyst Upgrades and Downgrades

MEI has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Methode Electronics from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. StockNews.com raised shares of Methode Electronics from a “sell” rating to a “hold” rating in a report on Friday, September 6th.

Insider Activity

In other news, Director Mary A. Lindsey acquired 8,800 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $11.38 per share, with a total value of $100,144.00. Following the transaction, the director now directly owns 25,970 shares in the company, valued at approximately $295,538.60. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David P. Blom purchased 9,320 shares of Methode Electronics stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $10.81 per share, for a total transaction of $100,749.20. Following the acquisition, the director now directly owns 37,531 shares in the company, valued at approximately $405,710.11. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary A. Lindsey acquired 8,800 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $11.38 per share, for a total transaction of $100,144.00. Following the completion of the acquisition, the director now owns 25,970 shares in the company, valued at approximately $295,538.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Methode Electronics Price Performance

NYSE MEI opened at $9.16 on Tuesday. The company has a market cap of $322.80 million, a PE ratio of -2.27 and a beta of 0.76. Methode Electronics, Inc. has a 52 week low of $8.54 and a 52 week high of $25.34. The company has a quick ratio of 1.50, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The firm’s 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $11.06.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings results on Thursday, September 5th. The electronics maker reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.03). Methode Electronics had a negative return on equity of 3.50% and a negative net margin of 13.15%. The firm had revenue of $258.50 million during the quarter, compared to the consensus estimate of $267.66 million. During the same period last year, the business earned $0.06 EPS. Research analysts predict that Methode Electronics, Inc. will post -0.62 earnings per share for the current year.

Methode Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.56 dividend on an annualized basis and a yield of 6.11%. Methode Electronics’s dividend payout ratio (DPR) is presently -13.90%.

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.