22Nw LP Acquires Shares of 15,359 Preformed Line Products Company (PLPC)

22Nw LP acquired a new stake in Preformed Line Products Company (NASDAQ:PLPC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,359 shares of the technology company’s stock, valued at approximately $1,034,000. 22Nw LP owned approximately 0.30% of Preformed Line Products at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Preformed Line Products by 73.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,494 shares of the technology company’s stock valued at $162,000 after acquiring an additional 1,479 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Preformed Line Products by 95.8% in the second quarter. New York State Common Retirement Fund now owns 4,700 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,299 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Preformed Line Products by 1.0% in the second quarter. Rhumbline Advisers now owns 4,731 shares of the technology company’s stock valued at $220,000 after acquiring an additional 45 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Preformed Line Products by 28.4% in the second quarter. Teachers Advisors LLC now owns 4,849 shares of the technology company’s stock valued at $225,000 after acquiring an additional 1,073 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Preformed Line Products by 51.7% in the third quarter. Wells Fargo & Company MN now owns 3,634 shares of the technology company’s stock valued at $245,000 after acquiring an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 44.88% of the company’s stock.

In other Preformed Line Products news, VP J Cecil Curlee, Jr. sold 3,130 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $68.50, for a total value of $214,405.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 37.70% of the stock is owned by company insiders.

Shares of Preformed Line Products Company (PLPC) opened at $77.16 on Wednesday. The stock has a market capitalization of $408.94, a price-to-earnings ratio of 24.12 and a beta of 1.32. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.13. Preformed Line Products Company has a 52 week low of $44.50 and a 52 week high of $85.63.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data on Friday, November 3rd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 7.30% and a net margin of 4.64%. The business had revenue of $99.24 million for the quarter.

Separately, TheStreet upgraded Preformed Line Products from a “c+” rating to a “b-” rating in a research note on Monday, August 21st.

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Preformed Line Products Company Profile

Preformed Line Products Company (PLPC) 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 and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.

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

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