Pinebridge Investments L.P. decreased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,951 shares of the technology company’s stock after selling 9,502 shares during the quarter. Pinebridge Investments L.P. owned 0.12% of Benchmark Electronics worth $1,129,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in Benchmark Electronics in the second quarter worth approximately $39,000. NumerixS Investment Technologies Inc purchased a new stake in Benchmark Electronics in the first quarter worth approximately $178,000. Stephens Inc. AR purchased a new stake in Benchmark Electronics in the first quarter worth approximately $201,000. Capital Fund Management S.A. purchased a new stake in Benchmark Electronics in the second quarter worth approximately $266,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Benchmark Electronics by 57.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the technology company’s stock worth $267,000 after buying an additional 3,716 shares in the last quarter. 94.25% of the stock is owned by institutional investors.
BHE traded up $0.04 during midday trading on Thursday, hitting $29.15. The stock had a trading volume of 79,825 shares, compared to its average volume of 218,116. The company has a market cap of $1.09 billion, a P/E ratio of 20.10 and a beta of 0.89. The business has a fifty day moving average of $26.90 and a 200 day moving average of $26.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.93 and a current ratio of 2.58. Benchmark Electronics, Inc. has a 1 year low of $20.01 and a 1 year high of $30.23.
Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $601.60 million during the quarter, compared to analyst estimates of $569.45 million. Benchmark Electronics had a return on equity of 5.43% and a net margin of 2.35%. Benchmark Electronics’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 2.06%. Benchmark Electronics’s payout ratio is currently 41.38%.
In other Benchmark Electronics news, VP Lisa K. Weeks sold 3,518 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $28.31, for a total value of $99,594.58. Following the completion of the sale, the vice president now owns 24,224 shares in the company, valued at $685,781.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Gifford sold 3,054 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $26.75, for a total value of $81,694.50. Following the completion of the sale, the director now owns 19,143 shares of the company’s stock, valued at approximately $512,075.25. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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