Kenneth Halverson Purchases 2,500 Shares of Richardson Electronics, Ltd. (NASDAQ:RELL) Stock

Richardson Electronics, Ltd. (NASDAQ:RELL) Director Kenneth Halverson purchased 2,500 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were bought at an average price of $10.05 per share, with a total value of $25,125.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $50,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kenneth Halverson also recently made the following trade(s):

• On Monday, January 29th, Kenneth Halverson purchased 2,500 shares of Richardson Electronics stock. The shares were bought at an average price of $10.06 per share, with a total value of $25,150.00.

Richardson Electronics Trading Down 2.2 %

Shares of NASDAQ:RELL opened at $10.08 on Thursday. The company has a market capitalization of $143.94 million, a PE ratio of 36.00, a P/E/G ratio of 7.64 and a beta of 1.01. Richardson Electronics, Ltd. has a twelve month low of $8.08 and a twelve month high of $19.58. The firm has a 50 day simple moving average of $9.10 and a 200-day simple moving average of $10.69.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings data on Thursday, April 11th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $52.38 million during the quarter, compared to the consensus estimate of $56.00 million. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, equities research analysts predict that Richardson Electronics, Ltd. will post 0.09 EPS for the current fiscal year.

Richardson Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.38%. Richardson Electronics’s dividend payout ratio is presently 85.71%.

Institutional Trading of Richardson Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the business. DDD Partners LLC raised its position in Richardson Electronics by 46.2% in the 3rd quarter. DDD Partners LLC now owns 690,126 shares of the technology company’s stock valued at $7,246,000 after purchasing an additional 218,244 shares during the last quarter. Penn Mutual Asset Management LLC raised its position in Richardson Electronics by 7.2% in the 4th quarter. Penn Mutual Asset Management LLC now owns 293,919 shares of the technology company’s stock valued at $3,924,000 after purchasing an additional 19,793 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Richardson Electronics in the 3rd quarter valued at $1,433,000. Victory Capital Management Inc. raised its position in Richardson Electronics by 30.9% in the 3rd quarter. Victory Capital Management Inc. now owns 100,723 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 23,787 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Richardson Electronics by 80.0% in the 3rd quarter. Ancora Advisors LLC now owns 95,406 shares of the technology company’s stock valued at $1,043,000 after purchasing an additional 42,417 shares during the last quarter. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.

About Richardson Electronics

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.