OLD Mission Capital LLC Takes $614,000 Position in Relx Plc (NYSE:RELX)

OLD Mission Capital LLC purchased a new position in Relx Plc (NYSE:RELX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,524 shares of the technology company’s stock, valued at approximately $614,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in shares of Relx by 19.2% in the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company’s stock worth $56,000 after purchasing an additional 199 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in Relx by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company’s stock worth $240,000 after buying an additional 258 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in shares of Relx by 5.7% in the third quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company’s stock worth $234,000 after buying an additional 267 shares in the last quarter. EWA LLC grew its holdings in shares of Relx by 5.2% during the third quarter. EWA LLC now owns 5,501 shares of the technology company’s stock valued at $253,000 after buying an additional 272 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its position in shares of Relx by 1.3% during the fourth quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company’s stock valued at $1,190,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Trading Down 6.3 %

Shares of NYSE:RELX opened at $48.21 on Friday. Relx Plc has a 52-week low of $40.25 and a 52-week high of $51.99. The stock has a market capitalization of $89.48 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 2.73 and a beta of 0.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. The stock’s 50-day simple moving average is $49.62 and its two-hundred day simple moving average is $47.91.

Relx Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This is a boost from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. The ex-dividend date is Friday, May 9th. Relx’s dividend payout ratio is currently 59.68%.

Analyst Ratings Changes

RELX has been the subject of several recent analyst reports. Redburn Atlantic began coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating for the company. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group initiated coverage on shares of Relx in a report on Wednesday, March 26th. They set a “buy” rating on the stock. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Relx presently has a consensus rating of “Buy”.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.