Richardson Electronics, Ltd. (NASDAQ:RELL) Stock Holdings Increased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in Richardson Electronics, Ltd. (NASDAQ:RELL) by 106.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,240 shares of the technology company’s stock after buying an additional 1,157 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Richardson Electronics were worth $30,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Penn Mutual Asset Management LLC increased its holdings in Richardson Electronics by 17.4% in the third quarter. Penn Mutual Asset Management LLC now owns 274,126 shares of the technology company’s stock valued at $2,996,000 after buying an additional 40,651 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Richardson Electronics during the third quarter valued at approximately $1,433,000. Victory Capital Management Inc. grew its holdings in shares of Richardson Electronics by 30.9% during the third quarter. Victory Capital Management Inc. now owns 100,723 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 23,787 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Richardson Electronics by 80.0% during the third quarter. Ancora Advisors LLC now owns 95,406 shares of the technology company’s stock valued at $1,043,000 after purchasing an additional 42,417 shares during the last quarter. Finally, Ballast Asset Management LP bought a new position in shares of Richardson Electronics during the third quarter valued at approximately $915,000. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Price Performance

Shares of NASDAQ RELL traded up $0.10 during midday trading on Friday, hitting $10.76. 47,095 shares of the company’s stock were exchanged, compared to its average volume of 169,614. The stock’s 50 day moving average price is $9.31 and its 200-day moving average price is $10.67. The firm has a market cap of $153.65 million, a P/E ratio of 38.43, a PEG ratio of 15.79 and a beta of 0.99. Richardson Electronics, Ltd. has a twelve month low of $8.08 and a twelve month high of $19.58.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings data on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $52.38 million during the quarter, compared to the consensus estimate of $56.00 million. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. During the same period in the previous year, the firm posted $0.44 earnings per share. On average, analysts expect that Richardson Electronics, Ltd. will post 0.05 EPS for the current fiscal year.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s payout ratio is currently 85.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RELL. Northland Securities began coverage on Richardson Electronics in a report on Monday, April 29th. They set an “outperform” rating and a $13.00 target price for the company. StockNews.com lowered Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Insider Activity

In other news, Director Paul J. Plante acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was acquired at an average price of $9.96 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $49,800. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Richardson Electronics news, Director Kenneth Halverson purchased 2,500 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were purchased at an average price of $10.05 per share, for a total transaction of $25,125.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $50,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Plante purchased 5,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $49,800.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $49,800. The disclosure for this purchase can be found here. 32.50% of the stock is owned by insiders.

About Richardson Electronics

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.