Relx Plc (NYSE:RELX) Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC lessened its holdings in Relx Plc (NYSE:RELX) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,348 shares of the technology company’s stock after selling 741 shares during the period. Nilsine Partners LLC’s holdings in Relx were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Lindbrook Capital LLC lifted its stake 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 valued at $127,000 after purchasing an additional 274 shares during the last quarter. Addison Advisors LLC lifted its stake in Relx by 6.7% during the 4th quarter. Addison Advisors LLC now owns 4,438 shares of the technology company’s stock worth $176,000 after acquiring an additional 277 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Relx by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 14,697 shares of the technology company’s stock worth $583,000 after acquiring an additional 287 shares in the last quarter. Gradient Investments LLC lifted its stake in Relx by 2.3% during the 3rd quarter. Gradient Investments LLC now owns 14,327 shares of the technology company’s stock worth $483,000 after acquiring an additional 316 shares in the last quarter. Finally, Wealth Alliance lifted its stake 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 acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Performance

Relx stock traded down $0.36 during mid-day trading on Tuesday, reaching $41.19. 866,925 shares of the company were exchanged, compared to its average volume of 1,109,694. Relx Plc has a twelve month low of $30.10 and a twelve month high of $44.75. The firm’s 50-day simple moving average is $42.78 and its two-hundred day simple moving average is $40.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a market cap of $77.42 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.83.

Relx Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Berenberg Bank downgraded Relx from a “buy” rating to a “hold” rating in a report on Friday, March 1st. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Relx Company Profile

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.