RF Industries (NASDAQ:RFIL) issued its earnings results on Thursday. The electronics maker reported $0.09 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. RF Industries had a return on equity of 25.42% and a net margin of 10.36%. The company had revenue of $9.89 million for the quarter.
Shares of RFIL opened at $6.37 on Friday. The firm has a market capitalization of $59.64 million, a P/E ratio of 9.73 and a beta of -0.10. RF Industries has a 12-month low of $2.45 and a 12-month high of $12.75.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, December 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in RF Industries by 15.1% in the 3rd quarter. Acadian Asset Management LLC now owns 114,718 shares of the electronics maker’s stock valued at $815,000 after buying an additional 15,058 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in RF Industries in the 2nd quarter valued at $144,000. Jane Street Group LLC purchased a new stake in RF Industries in the 3rd quarter valued at $144,000. BlackRock Inc. raised its position in RF Industries by 6.2% in the 2nd quarter. BlackRock Inc. now owns 369,167 shares of the electronics maker’s stock valued at $2,677,000 after buying an additional 21,636 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in RF Industries by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 338,534 shares of the electronics maker’s stock valued at $2,404,000 after buying an additional 31,684 shares during the last quarter. 27.24% of the stock is owned by institutional investors and hedge funds.
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RF Industries Company Profile
RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States and internationally. The company's RF Connector and Cable Assembly division designs, manufactures, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors.
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