Benchmark Electronics, Inc. (NYSE:BHE) Short Interest Update

Benchmark Electronics, Inc. (NYSE:BHE) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 700,500 shares, a drop of 21.5% from the May 30th total of 892,600 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 294,900 shares, the days-to-cover ratio is presently 2.4 days.

BHE traded up $0.27 on Friday, hitting $25.04. 140,900 shares of the company were exchanged, compared to its average volume of 353,774. The stock’s fifty day moving average price is $23.90. The company has a quick ratio of 2.00, a current ratio of 2.65 and a debt-to-equity ratio of 0.20. Benchmark Electronics has a 12 month low of $20.01 and a 12 month high of $30.23. The company has a market capitalization of $966.49 million, a PE ratio of 17.27 and a beta of 0.89.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Benchmark Electronics had a return on equity of 5.24% and a net margin of 2.35%. The business had revenue of $603.00 million during the quarter, compared to analysts’ expectations of $597.30 million. During the same quarter last year, the business posted $0.41 EPS. The business’s revenue was down .8% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, June 27th. Benchmark Electronics’s dividend payout ratio (DPR) is currently 41.38%.

Several equities analysts recently issued reports on BHE shares. TheStreet lowered Tribune Publishing from a “c-” rating to a “d+” rating in a research report on Monday, May 20th. Needham & Company LLC raised their price target on Ceridian HCM to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund bought a new stake in shares of Benchmark Electronics in the 4th quarter worth about $352,000. Bank of New York Mellon Corp grew its holdings in shares of Benchmark Electronics by 11.4% in the 4th quarter. Bank of New York Mellon Corp now owns 760,622 shares of the technology company’s stock worth $16,111,000 after purchasing an additional 77,678 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Benchmark Electronics by 41.5% in the 4th quarter. Advisor Group Inc. now owns 4,620 shares of the technology company’s stock worth $98,000 after purchasing an additional 1,355 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Benchmark Electronics by 20.5% in the 4th quarter. Citigroup Inc. now owns 27,880 shares of the technology company’s stock worth $590,000 after purchasing an additional 4,739 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Benchmark Electronics by 55.4% in the 4th quarter. GSA Capital Partners LLP now owns 17,205 shares of the technology company’s stock worth $364,000 after purchasing an additional 6,135 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced 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.

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