Innealta Capital LLC Makes New $27,000 Investment in Preformed Line Products (NASDAQ:PLPC)

Innealta Capital LLC purchased a new position in shares of Preformed Line Products (NASDAQ:PLPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 215 shares of the technology company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PLPC. Tower Research Capital LLC TRC boosted its position in Preformed Line Products by 243.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 282 shares of the technology company’s stock valued at $38,000 after buying an additional 200 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Preformed Line Products in the second quarter valued at $52,000. Mather Group LLC. purchased a new position in Preformed Line Products in the second quarter valued at $64,000. Quest Partners LLC purchased a new position in Preformed Line Products in the fourth quarter valued at $75,000. Finally, Ausbil Investment Management Ltd purchased a new stake in Preformed Line Products during the 1st quarter worth about $195,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Preformed Line Products Trading Up 0.2 %

NASDAQ PLPC opened at $119.93 on Friday. Preformed Line Products has a 52 week low of $104.96 and a 52 week high of $181.00. The firm has a 50 day moving average of $122.29 and a two-hundred day moving average of $126.50. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $589.82 million, a PE ratio of 11.60 and a beta of 0.64.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.89 EPS for the quarter. The firm had revenue of $138.72 million during the quarter. Preformed Line Products had a net margin of 6.90% and a return on equity of 9.83%.

Preformed Line Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, July 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, July 1st. Preformed Line Products’s dividend payout ratio (DPR) is presently 7.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th.

About Preformed Line Products

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.