Kovack Advisors Inc. Purchases 8,600 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

Kovack Advisors Inc. grew its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,300 shares of the technology company’s stock after acquiring an additional 8,600 shares during the quarter. Kovack Advisors Inc. owned 0.31% of Richardson Electronics worth $622,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RELL. XTX Topco Ltd bought a new stake in shares of Richardson Electronics in the 3rd quarter worth approximately $134,000. Insight Wealth Strategies LLC acquired a new position in shares of Richardson Electronics in the 4th quarter worth approximately $140,000. Ritholtz Wealth Management acquired a new position in shares of Richardson Electronics in the 4th quarter worth approximately $172,000. Jane Street Group LLC raised its holdings in shares of Richardson Electronics by 8.2% in the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after buying an additional 1,182 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Richardson Electronics by 151.0% in the 3rd quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock worth $242,000 after buying an additional 11,815 shares in the last quarter. Institutional investors own 71.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RELL. Northland Securities reissued a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th. Northland Capmk cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a 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 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.84% of the company’s stock.

Richardson Electronics Price Performance

RELL stock opened at $13.20 on Friday. The business has a fifty day moving average price of $13.41 and a 200 day moving average price of $13.19. Richardson Electronics, Ltd. has a fifty-two week low of $8.08 and a fifty-two week high of $15.51. The stock has a market capitalization of $190.20 million, a price-to-earnings ratio of 440.15, a P/E/G ratio of 1.98 and a beta of 0.93.

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

Richardson Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.82%. Richardson Electronics’s dividend payout ratio is 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.