Seizert Capital Partners LLC Sells 743 Shares of Preformed Line Products (NASDAQ:PLPC)

Seizert Capital Partners LLC lessened its stake in Preformed Line Products (NASDAQ:PLPC) by 7.5% in the second quarter, HoldingsChannel reports. The firm owned 9,107 shares of the technology company’s stock after selling 743 shares during the period. Seizert Capital Partners LLC’s holdings in Preformed Line Products were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of PLPC. Balter Liquid Alternatives LLC grew its position in shares of Preformed Line Products by 11.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 11,471 shares of the technology company’s stock valued at $637,000 after buying an additional 1,221 shares during the last quarter. Strs Ohio grew its position in shares of Preformed Line Products by 8.3% in the 2nd quarter. Strs Ohio now owns 3,900 shares of the technology company’s stock valued at $216,000 after buying an additional 300 shares during the last quarter. Marshall Wace LLP grew its position in shares of Preformed Line Products by 111.8% in the 1st quarter. Marshall Wace LLP now owns 7,725 shares of the technology company’s stock valued at $410,000 after buying an additional 4,077 shares during the last quarter. Alambic Investment Management L.P. grew its position in shares of Preformed Line Products by 51.0% in the 1st quarter. Alambic Investment Management L.P. now owns 19,306 shares of the technology company’s stock valued at $1,025,000 after buying an additional 6,518 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Preformed Line Products in the 1st quarter valued at about $112,000. 48.11% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on PLPC. TheStreet upgraded Preformed Line Products from a “c+” rating to a “b-” rating in a research report on Wednesday, July 31st. BidaskClub lowered Preformed Line Products from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 10th. Finally, ValuEngine upgraded Preformed Line Products from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Shares of NASDAQ PLPC traded down $0.89 during trading on Friday, reaching $49.01. The company had a trading volume of 4,480 shares, compared to its average volume of 5,642. The company’s fifty day moving average price is $54.26 and its 200-day moving average price is $54.04. Preformed Line Products has a 12 month low of $45.12 and a 12 month high of $82.97. The stock has a market cap of $251.01 million, a P/E ratio of 10.62 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 2.84 and a debt-to-equity ratio of 0.25.

Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $1.56 EPS for the quarter. Preformed Line Products had a return on equity of 9.58% and a net margin of 5.65%. The firm had revenue of $114.84 million for the quarter.

Preformed Line Products Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.

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

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