Alpha Omega Wealth Management buys $2,328,300 stake in Methode Electronics (MEI)

Methode Electronics (MEI) : Alpha Omega Wealth Management scooped up 6,999 additional shares in Methode Electronics during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 74,625 shares of Methode Electronics which is valued at $2,328,300.Methode Electronics makes up approximately 1.94% of Alpha Omega Wealth Management’s portfolio.

Methode Electronics closed down -0.07 points or -0.22% at $31.41 with 2,18,303 shares getting traded on Wednesday. Post opening the session at $31.41, the shares hit an intraday low of $31.2801 and an intraday high of $31.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in MEI during the most recent quarter. The investment firm sold 11,000 shares of MEI which is valued $343,200.Rnc Capital Management boosted its stake in MEI in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 7,363 shares of Methode Electronics which is valued at $211,465. Methode Electronics makes up approx 0.02% of Rnc Capital Management’s portfolio.Independent Portfolio Consultants boosted its stake in MEI in the latest quarter, The investment management firm added 3,020 additional shares and now holds a total of 10,970 shares of Methode Electronics which is valued at $315,058. Methode Electronics makes up approx 0.09% of Independent Portfolio Consultants’s portfolio.Capstone Asset Management Co reduced its stake in MEI by selling 940 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 12,923 shares of MEI which is valued at $371,149. Methode Electronics makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Kessler Investment Group sold out all of its stake in MEI during the most recent quarter. The investment firm sold 4,344 shares of MEI which is valued $121,719.

On the company’s financial health, Methode Electronics reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $184.60 million for the quarter, compared to analysts expectations of $190.31 million. The company’s revenue was down -10.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.68 EPS.

Methode Electronics Inc. (Methode) is a global manufacturer of component and subsystem devices. The Company designs manufactures and markets devices employing electrical radio remote control electronic wireless and sensing technologies. It operates through segments including Automotive Interface Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers. The Interface segment provides a range of copper and fiber-optic interface and interface solutions for the aerospace appliance commercial computer construction consumer material handling medical military mining networking storage and telecommunications markets. The Power Products segment manufactures braided flexible cables and current-carrying laminated bus devices among others. The Other segment includes medical devices inverters and battery systems and insulated gate bipolar transistor solutions.

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