Richardson Electronics, Ltd. (NASDAQ:RELL) Shares Purchased by Azarias Capital Management L.P.

Azarias Capital Management L.P. boosted its position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 446,496 shares of the technology company’s stock after acquiring an additional 16,843 shares during the quarter. Richardson Electronics comprises about 2.8% of Azarias Capital Management L.P.’s portfolio, making the stock its 16th largest holding. Azarias Capital Management L.P.’s holdings in Richardson Electronics were worth $6,264,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Insight Wealth Strategies LLC purchased a new position in shares of Richardson Electronics in the fourth quarter worth about $140,000. XTX Topco Ltd acquired a new position in Richardson Electronics in the 3rd quarter worth approximately $134,000. Ritholtz Wealth Management purchased a new position in Richardson Electronics during the 4th quarter worth approximately $172,000. Jane Street Group LLC lifted its stake in Richardson Electronics by 8.2% during the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock valued at $192,000 after acquiring an additional 1,182 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Richardson Electronics by 151.0% in the 3rd quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after acquiring an additional 11,815 shares during the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RELL shares. Northland Securities reissued a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 13th.

Insider Activity

In related news, CFO Robert J. Ben sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 32.84% of the company’s stock.

Richardson Electronics Trading Down 2.2 %

Shares of NASDAQ:RELL opened at $13.00 on Thursday. Richardson Electronics, Ltd. has a 12-month low of $8.08 and a 12-month high of $15.51. The business has a 50 day moving average of $13.68 and a two-hundred day moving average of $13.06. The company has a market capitalization of $187.33 million, a PE ratio of 433.48, a PEG ratio of 1.91 and a beta of 0.93.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. Equities research analysts predict that Richardson Electronics, Ltd. will post 0.28 earnings per share for the current fiscal year.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s payout ratio is currently 800.27%.

About Richardson Electronics

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor 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.