Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben Sells 2,500 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the transaction, the chief financial officer now directly owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This trade represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Richardson Electronics Stock Down 0.4 %

Shares of RELL stock opened at $13.10 on Friday. The stock has a 50-day moving average price of $13.78 and a 200 day moving average price of $13.01. The firm has a market cap of $188.77 million, a price-to-earnings ratio of 436.81, a PEG ratio of 1.92 and a beta of 0.93. Richardson Electronics, Ltd. has a 12 month low of $8.08 and a 12 month high of $15.51.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. Sell-side analysts predict that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current fiscal year.

Richardson Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio (DPR) is currently 800.27%.

Hedge Funds Weigh In On Richardson Electronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insight Wealth Strategies LLC bought a new position in Richardson Electronics during the fourth quarter worth about $140,000. XTX Topco Ltd bought a new position in shares of Richardson Electronics during the 3rd quarter valued at about $134,000. Ritholtz Wealth Management bought a new position in shares of Richardson Electronics during the 4th quarter valued at about $172,000. Jane Street Group LLC lifted its holdings in shares of Richardson Electronics by 8.2% during the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Richardson Electronics by 151.0% during the 3rd 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. Institutional investors own 71.95% of the company’s stock.

Analyst Upgrades and Downgrades

RELL has been the subject of several recent analyst reports. Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th.

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.