Richardson Electronics, Ltd. (NASDAQ:RELL) Director James Benham Purchases 4,500 Shares

Richardson Electronics, Ltd. (NASDAQ:RELL) Director James Benham acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $13.29 per share, with a total value of $59,805.00. Following the completion of the transaction, the director now directly owns 13,706 shares in the company, valued at $182,152.74. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richardson Electronics Price Performance

RELL stock traded up $0.05 during trading hours on Thursday, reaching $13.58. 14,300 shares of the stock were exchanged, compared to its average volume of 107,620. The company has a market cap of $193.90 million, a price-to-earnings ratio of 48.32, a PEG ratio of 1.96 and a beta of 0.96. The firm’s 50-day moving average is $12.00 and its 200-day moving average is $11.35. Richardson Electronics, Ltd. has a 12 month low of $8.08 and a 12 month high of $14.30.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Wednesday, October 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $53.73 million for the quarter, compared to the consensus estimate of $49.45 million. Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts forecast that Richardson Electronics, Ltd. will post 0.44 earnings per share for the current year.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 8th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, November 8th. Richardson Electronics’s dividend payout ratio is currently 85.71%.

Institutional Investors Weigh In On Richardson Electronics

A number of institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of Richardson Electronics in the first quarter valued at $881,000. American Century Companies Inc. increased its position in Richardson Electronics by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 18,372 shares of the technology company’s stock worth $218,000 after buying an additional 2,359 shares during the period. Azarias Capital Management L.P. bought a new stake in Richardson Electronics in the 2nd quarter valued at about $3,565,000. Vanguard Group Inc. raised its stake in Richardson Electronics by 4.1% in the first quarter. Vanguard Group Inc. now owns 589,790 shares of the technology company’s stock valued at $5,432,000 after purchasing an additional 23,266 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Richardson Electronics by 98.1% during the first quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock worth $62,000 after buying an additional 3,333 shares in the last quarter. 71.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Richardson Electronics from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

About Richardson Electronics

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.