Dimensional Fund Advisors LP Boosts Holdings in RF Industries, Ltd. (NASDAQ:RFIL)

Dimensional Fund Advisors LP increased its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of RF Industries worth $788,000 at the end of the most recent quarter.

RF Industries Stock Performance

NASDAQ:RFIL opened at $3.94 on Monday. The firm has a market capitalization of $41.35 million, a PE ratio of -5.05 and a beta of 0.99. The stock’s fifty day moving average is $3.75 and its 200 day moving average is $3.51. RF Industries, Ltd. has a fifty-two week low of $2.51 and a fifty-two week high of $4.65.

RF Industries (NASDAQ:RFIL) last posted its quarterly earnings data on Monday, September 16th. The electronics maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $16.84 million for the quarter, compared to the consensus estimate of $17.84 million. RF Industries had a negative net margin of 11.58% and a negative return on equity of 4.28%. Equities analysts forecast that RF Industries, Ltd. will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on RFIL. StockNews.com began coverage on shares of RF Industries in a research note on Wednesday, October 9th. They set a “hold” rating on the stock. B. Riley upped their target price on shares of RF Industries from $4.25 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, September 17th.

Insider Buying and Selling

In other RF Industries news, Director Mark Keith Holdsworth bought 8,815 shares of the company’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of $4.07 per share, for a total transaction of $35,877.05. Following the completion of the transaction, the director now directly owns 84,944 shares of the company’s stock, valued at approximately $345,722.08. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 22,835 shares of company stock valued at $91,325 in the last ninety days. 12.20% of the stock is owned by company insiders.

About RF Industries

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.