4D Advisors LLC Buys Shares of 500,000 Methode Electronics, Inc. $MEI

4D Advisors LLC bought a new stake in Methode Electronics, Inc. (NYSE:MEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 500,000 shares of the electronics maker’s stock, valued at approximately $3,320,000. 4D Advisors LLC owned 1.41% of Methode Electronics as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Methode Electronics by 1,027.4% in the second 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 during the period. Mackenzie Financial Corp bought a new position in Methode Electronics in the third quarter valued at about $103,000. XTX Topco Ltd bought a new position in Methode Electronics in the second quarter valued at about $107,000. Inscription Capital LLC bought a new position in Methode Electronics in the fourth quarter valued at about $112,000. Finally, R Squared Ltd bought a new position in Methode Electronics in the fourth quarter valued at about $119,000. Institutional investors own 95.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Methode Electronics in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.50.

Methode Electronics Stock Down 0.1%

NYSE MEI opened at $11.54 on Thursday. The stock’s 50-day moving average price is $9.75 and its 200-day moving average price is $8.10. The company has a quick ratio of 1.55, a current ratio of 2.41 and a debt-to-equity ratio of 0.50. Methode Electronics, Inc. has a 52 week low of $4.88 and a 52 week high of $15.55. The company has a market capitalization of $408.76 million, a P/E ratio of -6.34 and a beta of 1.59.

Methode Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, July 17th. Methode Electronics’s dividend payout ratio (DPR) is currently -10.99%.

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.