Keeley Teton Advisors LLC lowered its position in AVX Co. (NYSE:AVX) by 7.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 119,005 shares of the electronics maker’s stock after selling 10,200 shares during the period. Keeley Teton Advisors LLC’s holdings in AVX were worth $2,059,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Aperio Group LLC lifted its holdings in AVX by 6.2% in the 3rd quarter. Aperio Group LLC now owns 52,966 shares of the electronics maker’s stock valued at $966,000 after purchasing an additional 3,075 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in AVX by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 53,534 shares of the electronics maker’s stock valued at $926,000 after purchasing an additional 3,248 shares in the last quarter. Geode Capital Management LLC lifted its holdings in AVX by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 533,242 shares of the electronics maker’s stock valued at $9,225,000 after purchasing an additional 5,577 shares in the last quarter. Systematic Financial Management LP lifted its holdings in AVX by 14.5% in the 4th quarter. Systematic Financial Management LP now owns 76,025 shares of the electronics maker’s stock valued at $1,315,000 after purchasing an additional 9,610 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in AVX by 3.3% in the 4th quarter. Foundry Partners LLC now owns 317,163 shares of the electronics maker’s stock valued at $5,487,000 after purchasing an additional 10,108 shares in the last quarter. Institutional investors own 24.65% of the company’s stock.
In related news, insider Zahir Dhanani bought 300,000 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was acquired at an average cost of $0.09 per share, with a total value of $27,000.00. Insiders acquired a total of 826,000 shares of company stock valued at $87,400 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.
AVX Co. (NYSE AVX) opened at $17.74 on Friday. The firm has a market capitalization of $2,986.78, a price-to-earnings ratio of 21.63 and a beta of 0.83. AVX Co. has a fifty-two week low of $15.38 and a fifty-two week high of $20.22.
AVX (NYSE:AVX) last announced its quarterly earnings data on Thursday, January 25th. The electronics maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. AVX had a return on equity of 6.12% and a net margin of 0.48%. The company had revenue of $431.80 million for the quarter, compared to analyst estimates of $421.60 million. During the same quarter last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. analysts forecast that AVX Co. will post 0.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Friday, February 23rd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend was Thursday, February 22nd. AVX’s dividend payout ratio (DPR) is presently 920.18%.
TRADEMARK VIOLATION WARNING: “Keeley Teton Advisors LLC Decreases Holdings in AVX Co. (AVX)” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3255507/keeley-teton-advisors-llc-decreases-holdings-in-avx-co-avx.html.
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.
Want to see what other hedge funds are holding AVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AVX Co. (NYSE:AVX).
Receive News & Ratings for AVX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVX and related companies with MarketBeat.com's FREE daily email newsletter.