Punch & Associates Investment Management Inc. Has $5.07 Million Stock Holdings in RF Industries, Ltd. $RFIL

Punch & Associates Investment Management Inc. increased its holdings in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 9.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 877,150 shares of the electronics maker’s stock after acquiring an additional 74,091 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 0.08% of RF Industries worth $5,070,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of RF Industries by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 391,659 shares of the electronics maker’s stock worth $3,223,000 after purchasing an additional 20,536 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RF Industries by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock worth $1,397,000 after purchasing an additional 13,349 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of RF Industries by 58.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock worth $1,228,000 after purchasing an additional 78,144 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of RF Industries during the 3rd quarter worth about $1,651,000. Finally, Ritholtz Wealth Management lifted its position in shares of RF Industries by 68.0% during the 4th quarter. Ritholtz Wealth Management now owns 153,888 shares of the electronics maker’s stock worth $889,000 after purchasing an additional 62,279 shares during the last quarter. Institutional investors and hedge funds own 23.49% of the company’s stock.

Analyst Upgrades and Downgrades

RFIL has been the topic of several research reports. B. Riley Financial boosted their price objective on shares of RF Industries from $11.25 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday. Wall Street Zen cut RF Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research cut RF Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Weiss Ratings raised RF Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

RF Industries Stock Performance

Shares of RF Industries stock opened at $16.44 on Wednesday. The firm’s 50-day simple moving average is $15.79 and its 200-day simple moving average is $11.39. RF Industries, Ltd. has a twelve month low of $4.40 and a twelve month high of $20.00. The firm has a market cap of $177.72 million, a P/E ratio of 117.44 and a beta of 1.30.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings results on Monday, June 15th. The electronics maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $20.69 million for the quarter, compared to analyst estimates of $19.67 million. RF Industries had a net margin of 1.70% and a return on equity of 12.94%. On average, equities analysts forecast that RF Industries, Ltd. will post 0.48 earnings per share for the current fiscal year.

RF Industries Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.