Rhumbline Advisers Purchases 15,181 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

Rhumbline Advisers lifted its holdings in Richardson Electronics, Ltd. (NASDAQ:RELL) by 79.0% during the fourth quarter, Holdings Channel reports. The fund owned 34,396 shares of the technology company’s stock after buying an additional 15,181 shares during the quarter. Rhumbline Advisers’ holdings in Richardson Electronics were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Azarias Capital Management L.P. grew its position in shares of Richardson Electronics by 3.9% in the fourth quarter. Azarias Capital Management L.P. now owns 446,496 shares of the technology company’s stock valued at $6,264,000 after purchasing an additional 16,843 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of Richardson Electronics in the 4th quarter valued at approximately $172,000. Insight Wealth Strategies LLC purchased a new stake in shares of Richardson Electronics in the 4th quarter valued at approximately $140,000. JPMorgan Chase & Co. grew its holdings in shares of Richardson Electronics by 300.0% in the third quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 114,065 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Richardson Electronics by 151.0% in the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after purchasing an additional 11,815 shares in the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on RELL shares. Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th. Northland Capmk downgraded shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th.

Insider Activity at Richardson Electronics

In other news, CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total transaction of $33,200.00. Following the sale, the chief financial officer now owns 54,534 shares in the company, valued at $724,211.52. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.84% of the stock is currently owned by insiders.

Richardson Electronics Price Performance

Richardson Electronics stock opened at $12.73 on Friday. Richardson Electronics, Ltd. has a 12-month low of $8.08 and a 12-month high of $15.51. The stock has a market capitalization of $183.43 million, a P/E ratio of 424.47, a P/E/G ratio of 1.98 and a beta of 0.88. The firm’s 50-day moving average is $13.31 and its two-hundred day moving average is $13.25.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. As a group, analysts forecast that Richardson Electronics, Ltd. will post 0.27 EPS for the current year.

Richardson Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.89%. Richardson Electronics’s payout ratio is currently 800.00%.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.