Mark Keith Holdsworth Buys 15,000 Shares of RF Industries, Ltd. (NASDAQ:RFIL) Stock

RF Industries, Ltd. (NASDAQ:RFIL) Director Mark Keith Holdsworth acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $4.72 per share, with a total value of $70,800.00. Following the completion of the purchase, the director now directly owns 106,953 shares of the company’s stock, valued at approximately $504,818.16. This represents a 16.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RF Industries Trading Up 1.1 %

Shares of NASDAQ:RFIL opened at $4.74 on Wednesday. RF Industries, Ltd. has a 52 week low of $2.86 and a 52 week high of $5.77. The company has a market cap of $50.58 million, a PE ratio of -7.52 and a beta of 1.09. The company’s 50 day moving average is $4.72 and its two-hundred day moving average is $4.26.

RF Industries (NASDAQ:RFIL) last released its quarterly earnings data on Thursday, January 16th. The electronics maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). RF Industries had a negative return on equity of 3.06% and a negative net margin of 10.18%. As a group, equities research analysts expect that RF Industries, Ltd. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of RF Industries in a report on Wednesday, March 26th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in RF Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 231,733 shares of the electronics maker’s stock valued at $906,000 after purchasing an additional 2,062 shares during the last quarter. Geode Capital Management LLC lifted its position in RF Industries by 13.3% in the third quarter. Geode Capital Management LLC now owns 83,846 shares of the electronics maker’s stock valued at $342,000 after purchasing an additional 9,863 shares during the period. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of RF Industries in the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 23.49% of the company’s stock.

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.