Tributary Capital Management LLC Purchases 73,180 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Tributary Capital Management LLC raised its position in Benchmark Electronics, Inc. (NYSE:BHE) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,490 shares of the technology company’s stock after acquiring an additional 73,180 shares during the quarter. Tributary Capital Management LLC owned approximately 1.47% of Benchmark Electronics worth $15,500,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BHE. Investors Research Corp lifted its position in shares of Benchmark Electronics by 2.5% during the 4th quarter. Investors Research Corp now owns 16,400 shares of the technology company’s stock worth $347,000 after buying an additional 400 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Benchmark Electronics by 1.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 45,742 shares of the technology company’s stock valued at $969,000 after acquiring an additional 576 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Benchmark Electronics by 30.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,585 shares of the technology company’s stock valued at $76,000 after acquiring an additional 847 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Benchmark Electronics by 1.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 61,739 shares of the technology company’s stock valued at $1,207,000 after acquiring an additional 936 shares during the period. Finally, Advisor Group Inc. increased 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 valued at $98,000 after acquiring an additional 1,355 shares during the period. Institutional investors own 92.56% of the company’s stock.

Shares of BHE opened at $26.28 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.00 and a current ratio of 2.65. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 18.12 and a beta of 0.68. Benchmark Electronics, Inc. has a 1 year low of $20.01 and a 1 year high of $30.55.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $603.00 million for the quarter, compared to analyst estimates of $597.30 million. Benchmark Electronics had a net margin of 2.35% and a return on equity of 5.24%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were given a $0.15 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.28%. Benchmark Electronics’s dividend payout ratio is presently 41.38%.

BHE has been the topic of a number of recent research reports. Sidoti initiated coverage on shares of Benchmark Electronics in a report on Friday, January 18th. They issued a “buy” rating and a $34.00 target price on the stock. TheStreet raised shares of Benchmark Electronics from a “c” rating to a “b” rating in a report on Friday, February 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Benchmark Electronics in a research note on Tuesday, April 30th.

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Benchmark Electronics Profile

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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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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