Acadian Asset Management LLC Has $542,000 Stake in Richardson Electronics, Ltd. (NASDAQ:RELL)

Acadian Asset Management LLC lessened its position in shares of Richardson Electronics, Ltd. (NASDAQ:RELL) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,034 shares of the technology company’s stock after selling 21,409 shares during the quarter. Acadian Asset Management LLC’s holdings in Richardson Electronics were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RELL. US Bancorp DE purchased a new stake in Richardson Electronics in the first quarter valued at approximately $68,000. First Wilshire Securities Management Inc. purchased a new stake in Richardson Electronics in the fourth quarter valued at approximately $440,000. Ancora Advisors LLC raised its position in Richardson Electronics by 2.3% in the fourth quarter. Ancora Advisors LLC now owns 227,692 shares of the technology company’s stock valued at $1,979,000 after purchasing an additional 5,030 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Richardson Electronics by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 917,982 shares of the technology company’s stock valued at $7,977,000 after purchasing an additional 7,248 shares during the period. 44.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ RELL opened at $5.34 on Wednesday. The company has a market capitalization of $68.13 million, a price-to-earnings ratio of 52.20 and a beta of 0.30. Richardson Electronics, Ltd. has a 52-week low of $5.00 and a 52-week high of $10.40.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Tuesday, April 9th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $39.02 million during the quarter. Richardson Electronics had a net margin of 0.46% and a return on equity of 0.97%.

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Wednesday, May 8th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Tuesday, May 7th.

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About Richardson Electronics

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.

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Institutional Ownership by Quarter for Richardson Electronics (NASDAQ:RELL)

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