Relx Plc $RELX Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC increased its position in Relx Plc (NYSE:RELX) by 842.3% in the first quarter, Holdings Channel reports. The firm owned 2,676 shares of the technology company’s stock after purchasing an additional 2,392 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Relx were worth $135,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RELX. Larson Financial Group LLC grew its stake in Relx by 612.5% in the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock worth $26,000 after purchasing an additional 441 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Relx by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock worth $30,000 after purchasing an additional 294 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in Relx by 325.2% in the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock worth $37,000 after purchasing an additional 530 shares in the last quarter. Redwood Investments LLC acquired a new position in Relx in the fourth quarter worth about $120,000. Finally, Cullen Frost Bankers Inc. grew its stake in Relx by 15.9% in the first quarter. Cullen Frost Bankers Inc. now owns 2,706 shares of the technology company’s stock worth $136,000 after purchasing an additional 371 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Relx Stock Performance

Shares of NYSE RELX opened at $47.89 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The firm’s 50-day moving average price is $51.40 and its two-hundred day moving average price is $51.43. Relx Plc has a 52-week low of $44.19 and a 52-week high of $56.33. The stock has a market capitalization of $87.85 billion, a P/E ratio of 25.75, a P/E/G ratio of 3.12 and a beta of 0.88.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.2634 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 170.0%. Relx’s dividend payout ratio (DPR) is currently 28.49%.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.