Benchmark Electronics, Inc. (BHE) Position Raised by Legal & General Group Plc
Legal & General Group Plc boosted its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 2.1% in the second quarter, HoldingsChannel reports. The firm owned 131,302 shares of the technology company’s stock after acquiring an additional 2,688 shares during the period. Legal & General Group Plc’s holdings in Benchmark Electronics were worth $3,828,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Tributary Capital Management LLC acquired a new stake in shares of Benchmark Electronics in the 2nd quarter valued at $12,420,000. Millennium Management LLC increased its stake in shares of Benchmark Electronics by 651.5% in the 1st quarter. Millennium Management LLC now owns 298,589 shares of the technology company’s stock valued at $8,913,000 after buying an additional 258,856 shares during the period. Royce & Associates LP increased its stake in shares of Benchmark Electronics by 18.0% in the 2nd quarter. Royce & Associates LP now owns 1,336,568 shares of the technology company’s stock valued at $38,961,000 after buying an additional 203,868 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Benchmark Electronics in the 1st quarter valued at $5,764,000. Finally, Dean Investment Associates LLC acquired a new stake in shares of Benchmark Electronics in the 2nd quarter valued at $4,482,000. 94.54% of the stock is owned by hedge funds and other institutional investors.
NYSE BHE opened at $24.90 on Wednesday. The firm has a market capitalization of $1.19 billion, a PE ratio of 16.04 and a beta of 0.25. Benchmark Electronics, Inc. has a 52 week low of $23.98 and a 52 week high of $35.80. The company has a quick ratio of 2.44, a current ratio of 3.08 and a debt-to-equity ratio of 0.15.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 2.41%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 37.27%.
Benchmark Electronics Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and 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.
Further Reading: Moving Average (MA)
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