Geode Capital Management LLC Increases Stock Position in RF Industries, Ltd. (NASDAQ:RFIL)

Geode Capital Management LLC raised its position in RF Industries, Ltd. (NASDAQ:RFIL) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,846 shares of the electronics maker’s stock after acquiring an additional 9,863 shares during the quarter. Geode Capital Management LLC’s holdings in RF Industries were worth $342,000 as of its most recent filing with the SEC.

Separately, Dimensional Fund Advisors LP boosted its position in shares of RF Industries by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 225,737 shares of the electronics maker’s stock worth $788,000 after purchasing an additional 12,296 shares in the last quarter. Institutional investors own 23.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Keith Holdsworth acquired 7,009 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average price of $4.00 per share, with a total value of $28,036.00. Following the purchase, the director now directly owns 91,953 shares in the company, valued at $367,812. The trade was a 8.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.70% of the company’s stock.

RF Industries Stock Down 1.0 %

RF Industries stock opened at $3.83 on Monday. RF Industries, Ltd. has a 52 week low of $2.84 and a 52 week high of $4.65. The firm’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $3.93. The firm has a market capitalization of $40.19 million, a PE ratio of -5.55 and a beta of 0.99.

Analysts Set New Price Targets

RFIL has been the topic of several research analyst reports. B. Riley boosted their target price on shares of RF Industries from $4.25 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. StockNews.com assumed coverage on shares of RF Industries in a research report on Monday. They issued a “hold” rating on the stock.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.