Kovack Advisors Inc. Buys 8,600 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL)

Kovack Advisors Inc. lifted its stake in Richardson Electronics, Ltd. (NASDAQ:RELL) by 24.1% during the 4th quarter, Holdings Channel reports. The firm owned 44,300 shares of the technology company’s stock after acquiring an additional 8,600 shares during the period. Kovack Advisors Inc.’s holdings in Richardson Electronics were worth $622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its position in shares of Richardson Electronics by 0.4% in the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company’s stock worth $2,783,000 after purchasing an additional 914 shares during the last quarter. Jane Street Group LLC boosted 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 last quarter. Insight Wealth Strategies LLC bought a new position in shares of Richardson Electronics in the 4th quarter worth $140,000. XTX Topco Ltd bought a new position in shares of Richardson Electronics in the 3rd quarter worth $134,000. Finally, Barclays PLC boosted its position 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 worth $242,000 after purchasing an additional 11,815 shares during the last quarter. 71.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, CFO Robert J. Ben sold 2,500 shares of the business’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 sale, the chief financial officer now directly owns 54,534 shares in the company, valued at $724,211.52. The trade was a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 32.84% of the company’s stock.

Richardson Electronics Trading Up 1.8 %

RELL stock opened at $13.20 on Friday. The business’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $13.19. The firm has a market cap of $190.20 million, a PE ratio of 440.15, a P/E/G ratio of 1.98 and a beta of 0.93. Richardson Electronics, Ltd. has a 1-year low of $8.08 and a 1-year high of $15.51.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share 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%. On average, analysts forecast that Richardson Electronics, Ltd. will post 0.27 earnings per share for the current year.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. Richardson Electronics’s dividend payout ratio (DPR) is 800.00%.

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.