Jump Financial LLC Boosts Holdings in Preformed Line Products (NASDAQ:PLPC)

Jump Financial LLC raised its holdings in Preformed Line Products (NASDAQ:PLPCFree Report) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,200 shares of the technology company’s stock after acquiring an additional 99 shares during the quarter. Jump Financial LLC’s holdings in Preformed Line Products were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Point72 Middle East FZE bought a new position in Preformed Line Products in the 2nd quarter valued at $38,000. Lazard Asset Management LLC purchased a new stake in shares of Preformed Line Products in the 1st quarter worth $80,000. Tower Research Capital LLC TRC lifted its holdings in shares of Preformed Line Products by 127.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 519 shares of the technology company’s stock worth $81,000 after buying an additional 291 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Preformed Line Products by 22.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,412 shares of the technology company’s stock worth $87,000 after buying an additional 257 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Preformed Line Products by 90.6% in the 4th quarter. Barclays PLC now owns 1,191 shares of the technology company’s stock worth $99,000 after buying an additional 566 shares during the period. Institutional investors own 41.74% of the company’s stock.

Preformed Line Products Price Performance

Shares of PLPC stock opened at $133.14 on Tuesday. Preformed Line Products has a twelve month low of $88.55 and a twelve month high of $184.82. The stock has a market capitalization of $651.05 million, a price-to-earnings ratio of 9.08 and a beta of 0.74. The stock has a fifty day simple moving average of $128.27 and a two-hundred day simple moving average of $143.27. The company has a current ratio of 2.49, a quick ratio of 1.39 and a debt-to-equity ratio of 0.11.

Preformed Line Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Thursday, January 4th. Preformed Line Products’s dividend payout ratio is 5.45%.

Preformed Line Products Company Profile

(Free Report)

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 operator, information, 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.

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Institutional Ownership by Quarter for Preformed Line Products (NASDAQ:PLPC)

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