Beck Bode LLC Acquires Shares of 83,970 Relx Plc (NYSE:RELX)

Beck Bode LLC bought a new position in shares of Relx Plc (NYSE:RELX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 83,970 shares of the technology company’s stock, valued at approximately $3,330,000.

Several other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC increased its position in shares of Relx by 9.4% in the 4th quarter. Lindbrook Capital LLC now owns 3,194 shares of the technology company’s stock worth $127,000 after purchasing an additional 274 shares during the last quarter. Addison Advisors LLC increased its holdings in Relx by 6.7% in the fourth quarter. Addison Advisors LLC now owns 4,438 shares of the technology company’s stock valued at $176,000 after buying an additional 277 shares during the last quarter. Gradient Investments LLC raised its stake in Relx by 2.3% during the third quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock valued at $483,000 after buying an additional 316 shares in the last quarter. Wealth Alliance lifted its holdings in Relx by 3.8% during the 3rd quarter. Wealth Alliance now owns 8,777 shares of the technology company’s stock worth $296,000 after buying an additional 319 shares during the last quarter. Finally, SVB Wealth LLC increased its holdings in shares of Relx by 4.7% in the 3rd quarter. SVB Wealth LLC now owns 7,760 shares of the technology company’s stock valued at $262,000 after acquiring an additional 351 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. StockNews.com lowered Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Relx Stock Down 0.9 %

NYSE RELX traded down $0.36 during trading on Tuesday, reaching $41.19. The company’s stock had a trading volume of 866,925 shares, compared to its average volume of 1,109,694. The business has a 50-day moving average price of $42.78 and a 200-day moving average price of $40.23. Relx Plc has a 1-year low of $30.10 and a 1-year high of $44.75. The stock has a market capitalization of $77.42 billion, a PE ratio of 24.66, a PEG ratio of 2.70 and a beta of 0.83. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51.

Relx Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 3rd will be paid a $0.526 dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Relx’s previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.7%. Relx’s dividend payout ratio (DPR) is currently 12.57%.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.