Methode Electronics, Inc. (NYSE:MEI) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its holdings in Methode Electronics, Inc. (NYSE:MEI) by 9.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,594 shares of the electronics maker’s stock after selling 11,267 shares during the period. Jacobs Levy Equity Management Inc. owned 0.31% of Methode Electronics worth $1,323,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MEI. Vanguard Group Inc. grew its holdings in Methode Electronics by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,671,072 shares of the electronics maker’s stock valued at $106,734,000 after buying an additional 201,129 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in Methode Electronics in the 4th quarter valued at about $250,000. International Assets Investment Management LLC boosted its stake in shares of Methode Electronics by 2,182.5% during the 4th quarter. International Assets Investment Management LLC now owns 5,866 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 5,609 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Methode Electronics by 295.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,710 shares of the electronics maker’s stock worth $62,000 after buying an additional 2,025 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Methode Electronics during the fourth quarter valued at approximately $409,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on Methode Electronics in a research note on Tuesday, April 9th. They set a “hold” rating and a $12.00 price target on the stock.

Methode Electronics Trading Down 6.1 %

Shares of MEI opened at $11.89 on Friday. Methode Electronics, Inc. has a fifty-two week low of $8.54 and a fifty-two week high of $33.86. The company’s fifty day moving average is $11.31 and its two-hundred day moving average is $14.26. The company has a current ratio of 2.76, a quick ratio of 1.95 and a debt-to-equity ratio of 0.43.

Methode Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a $0.14 dividend. The ex-dividend date was Friday, July 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.71%. Methode Electronics’s dividend payout ratio (DPR) is -16.05%.

Methode Electronics Company 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.