EverSource Wealth Advisors LLC Increases Stake in Relx Plc (NYSE:RELX)

EverSource Wealth Advisors LLC increased its holdings in shares of Relx Plc (NYSE:RELX) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,340 shares of the technology company’s stock after buying an additional 366 shares during the period. EverSource Wealth Advisors LLC’s holdings in Relx were worth $261,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in shares of Relx in the 4th quarter valued at $35,000. Parkside Financial Bank & Trust boosted its holdings in shares of Relx by 81.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock valued at $36,000 after buying an additional 407 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after buying an additional 571 shares in the last quarter. Timber Creek Capital Management LLC acquired a new position in shares of Relx in the 1st quarter valued at $43,000. Finally, Pinnacle Bancorp Inc. boosted its stake in Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after purchasing an additional 468 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Stock Performance

Shares of RELX traded down $0.02 during trading hours on Friday, reaching $46.07. The company had a trading volume of 987,317 shares, compared to its average volume of 730,042. The firm has a 50 day simple moving average of $45.51 and a 200-day simple moving average of $43.63. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a 12-month low of $31.38 and a 12-month high of $47.42.

Relx Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd will be issued a $0.234 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a dividend yield of 1.6%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Relx in a research note on Tuesday, June 25th. They set a “hold” rating for the company.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.