Richardson Electronics, Ltd. (NASDAQ:RELL) COO Wendy Diddell sold 1,640 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $7.52, for a total transaction of $12,332.80. Following the transaction, the chief operating officer now directly owns 31,624 shares in the company, valued at $237,812.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of RELL traded down $0.19 during mid-day trading on Friday, hitting $7.06. 9,538 shares of the company’s stock were exchanged, compared to its average volume of 40,067. Richardson Electronics, Ltd. has a 52 week low of $6.76 and a 52 week high of $10.40. The stock has a market capitalization of $94.61 million, a PE ratio of 33.91 and a beta of 0.28.
Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Thursday, January 10th. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Richardson Electronics had a return on equity of 2.15% and a net margin of 1.39%. The business had revenue of $41.31 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Stockholders of record on Friday, February 8th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 3.40%.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Wilshire Securities Management Inc. bought a new position in shares of Richardson Electronics during the fourth quarter worth approximately $440,000. Acadian Asset Management LLC increased its holdings in shares of Richardson Electronics by 7.3% during the third quarter. Acadian Asset Management LLC now owns 104,509 shares of the technology company’s stock worth $916,000 after purchasing an additional 7,066 shares during the period. Ancora Advisors LLC increased its holdings in shares of Richardson Electronics by 2.3% during the fourth quarter. Ancora Advisors LLC now owns 227,692 shares of the technology company’s stock worth $1,979,000 after purchasing an additional 5,030 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Richardson Electronics by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 917,982 shares of the technology company’s stock worth $7,977,000 after purchasing an additional 7,248 shares during the period. 42.82% of the stock is currently owned by institutional investors.
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Richardson Electronics Company Profile
Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.
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