Investors are a little more bearish on shares of Preformed Line Products Company looking at the increase in short interest. The firm saw a rise in short interest of 5.12% as of August 31, 2017 from the last reporting period. Short interest increased 2,050 over that period. Days to cover decreased -1.0 to 2.0 and the short interest percentage is 0.01% as of August 31.
Here is a rundown on some insider market activity for Preformed Line Products Company (NASDAQ:PLPC). Michael E. Gibbons, Director disclosed the purchase of 15 shares. The shares were purchased at an average price of $49.29. The Director now owns $191,541 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (PLPC). Euclidean Technologies Management, LLC downsized its position by selling 1,600 shares a decrease of 4.4% from 03/31/2017 to 06/30/2017. Euclidean Technologies Management, LLC controls 34,860 shares valued at $1,618,000. The value of the position overall is down by 14.9%. As of the end of the quarter Ubs Group Ag had acquired a total of 263 shares growing its position 2,191.7%. The value of the investment in (PLPC) increased from $1,000 to $13,000 increasing 1,200.0% quarter over quarter.
Boston Partners trimmed its investment by shedding 8,728 shares a decrease of 20.4%. Boston Partners currently owns 34,054 shares worth $1,581,000. The total value of its holdings decreased 29.1%. As of quarter end Atlantic Trust Group, LLC had sold 754 shares trimming its holdings by 2.6%. The value of the investment in Preformed Line Products Company went from $1,489,000 to $1,290,000 a change of 13.4% since the last quarter.
The company is trading down by 2.21%% since yesterday’s close of 60.98. Preformed Line Products Company announced a dividend for shareholders that was paid on Thursday the 20th of July 2017. The dividend was $0.200 per share for the quarter which comes to $0.80 on an annualized basis. This dividend represents a yield of $1.39. The ex-dividend date was set for Thursday the 29th of June 2017.
It is currently trading at $59.63 which is significantly above the 50 day moving average of $52.62 and significantly higher than the 200 day moving average of $49.65. The 50 day moving average was up $7.01 whereas the 200 day moving average was up $9.98 or +20.10%.
The most current P/E ratio is 19.70 and the market value is 305.01M.
Preformed Line Products Company (PLPC), launched on August 21, 1947, is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information (data communication) and other similar industries. The Business’s products support, protect, connect, terminate and secure cables and wires. It also provides solar hardware systems and mounting hardware for a range of solar power applications. PLPC’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products. The Company operates through four segments: PLP-USA (including corporate), The Americas (includes operations in North and South America without PLP-USA), EMEA (Europe, Middle East and Africa) and Asia-Pacific. The Business’s PLP-USA segment consists of its United States operations manufacturing its traditional products primarily supporting its domestic energy, telecommunications and solar products. The Americas, EMEA and Asia-Pacific support its energy, telecommunications, data communication and solar products in each respective geographical region..