Insider Selling: Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Sells 2,500 Shares of Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) CFO Robert J. Ben sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at $724,211.52. This represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Richardson Electronics Stock Performance

NASDAQ:RELL opened at $13.01 on Friday. The firm has a market capitalization of $187.47 million, a PE ratio of 433.81, a PEG ratio of 1.92 and a beta of 0.93. The stock’s fifty day moving average is $13.75 and its 200 day moving average is $13.01. Richardson Electronics, Ltd. has a fifty-two week low of $8.08 and a fifty-two week high of $15.51.

Richardson Electronics (NASDAQ:RELL) last released 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 return on equity of 0.42% and a net margin of 0.13%. Equities analysts forecast that Richardson Electronics, Ltd. will post 0.28 EPS for the current year.

Richardson Electronics Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio is currently 800.27%.

Analysts Set New Price Targets

Several equities analysts have commented on RELL shares. Northland Capmk lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RELL. XTX Topco Ltd purchased a new position in shares of Richardson Electronics during the third quarter valued at $134,000. Insight Wealth Strategies LLC purchased a new position in Richardson Electronics during the 4th quarter valued at about $140,000. Ritholtz Wealth Management bought a new stake in shares of Richardson Electronics in the 4th quarter valued at about $172,000. Jane Street Group LLC lifted its position in shares of Richardson Electronics by 8.2% in the 3rd quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock worth $192,000 after purchasing an additional 1,182 shares during the period. Finally, Barclays PLC boosted its stake in shares of Richardson Electronics by 151.0% during the third quarter. Barclays PLC now owns 19,639 shares of the technology company’s stock valued at $242,000 after purchasing an additional 11,815 shares in the last quarter. Institutional investors own 71.95% of the company’s stock.

Richardson Electronics Company Profile

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.