Dean Investment Associates LLC Buys New Stake in Plantronics, Inc. (PLT)
Dean Investment Associates LLC bought a new stake in shares of Plantronics, Inc. (NYSE:PLT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,130 shares of the technology company’s stock, valued at approximately $2,968,000. Dean Investment Associates LLC owned 0.20% of Plantronics at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in Plantronics during the second quarter valued at approximately $126,000. Riverhead Capital Management LLC lifted its holdings in shares of Plantronics by 85.5% in the second quarter. Riverhead Capital Management LLC now owns 2,597 shares of the technology company’s stock worth $136,000 after buying an additional 1,197 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Plantronics by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,304 shares of the technology company’s stock worth $173,000 after buying an additional 494 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Plantronics by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 3,839 shares of the technology company’s stock worth $201,000 after buying an additional 31 shares in the last quarter. Finally, Airain ltd purchased a new position in shares of Plantronics in the second quarter worth $225,000. Institutional investors own 90.90% of the company’s stock.
In related news, Director John Hart sold 21,083 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $52.56, for a total value of $1,108,122.48. Following the sale, the director now owns 11,094 shares in the company, valued at $583,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph B. Burton sold 3,188 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $51.87, for a total transaction of $165,361.56. Following the completion of the sale, the chief executive officer now owns 92,373 shares in the company, valued at approximately $4,791,387.51. The disclosure for this sale can be found here. Insiders sold 27,145 shares of company stock worth $1,420,777 in the last 90 days. 3.20% of the stock is currently owned by company insiders.
Shares of Plantronics, Inc. (NYSE PLT) traded up $0.09 on Thursday, reaching $50.46. 161,600 shares of the company traded hands, compared to its average volume of 163,496. Plantronics, Inc. has a 12 month low of $41.28 and a 12 month high of $58.27. The company has a market capitalization of $1,665.54, a PE ratio of 22.09, a PEG ratio of 1.53 and a beta of 1.30. The company has a debt-to-equity ratio of 1.27, a current ratio of 6.44 and a quick ratio of 5.90.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Monday, November 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.19%. The ex-dividend date was Friday, November 17th. Plantronics’s dividend payout ratio is presently 24.69%.
Plantronics Company Profile
Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.
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