Mark Keith Holdsworth Acquires 15,000 Shares of RF Industries, Ltd. (NASDAQ:RFIL) Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth bought 15,000 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $4.72 per share, for a total transaction of $70,800.00. Following the transaction, the director now owns 106,953 shares in the company, valued at $504,818.16. The trade was a 16.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

RF Industries Stock Up 1.1 %

RF Industries stock opened at $4.74 on Wednesday. The business’s 50-day moving average price is $4.72 and its 200 day moving average price is $4.26. The firm has a market cap of $50.58 million, a price-to-earnings ratio of -7.52 and a beta of 1.09. RF Industries, Ltd. has a 52 week low of $2.86 and a 52 week high of $5.77.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative net margin of 10.18% and a negative return on equity of 3.06%. Equities analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on RF Industries in a research note on Wednesday, March 26th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On RF Industries

A number of institutional investors have recently added to or reduced their stakes in RFIL. Wealthedge Investment Advisors LLC acquired a new position in shares of RF Industries during the 4th quarter worth about $84,000. Geode Capital Management LLC boosted its stake in RF Industries by 13.3% during the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock worth $342,000 after buying an additional 9,863 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of RF Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after acquiring an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 23.49% of the company’s stock.

RF Industries Company Profile

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.